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Saturday, May 18, 2024    
Asian Paints  2816.55  (0.24%)
 
Axis Bank  1143.15  (0.15%)
 
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NTPC  366.40  (0.27%)
 
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St Bk of India  820.85  (0.37%)
 
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Tech Mahindra  1305.50  (0.05%)
 
Titan Company  3360.80  (-0.02%)
 
UltraTech Cem.  9860.80  (-0.30%)
 
Wipro  462.35  (0.28%)
 
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Raymond Ltd - Raymond Limited - Updates     Back
(03 May 2024)
Raymond Limited has informed the Exchange regarding In compliance with Regulation 30 (9) of SEBI Listing Regulations, this is to inform you that Board of Directors of JK Files & Engineering Limited ( JKFEL ), JKFEL Tools And Technologies Limited ( JKTTL ), Ring Plus Aqua Limited ( RPAL ), Maini Precision Products Limited ( MPPL ), subsidiaries of the Company and Ray Global Consumer Enterprise Limited ( RGCEL ) (being acquired to be a wholly owned subsidiary of the Company) have at their respective board meetings held during 1st, 2nd and 3rd May 2024 have approved consolidation of the engineering business under a single entity and segregation of the aerospace and defence business in a separate entity by way of Composite Scheme of Arrangement between JKFEL, JKTTL, RGCEL, RPAL and MPPL and their respective shareholders and reduction and cancellation of the existing paid up share capital of JKTTL and RGCEL ( the Scheme ) under the provisions of Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 and the rules framed thereunder, subject to the requisite approvals as customary to approval of the Scheme..
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