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Karma Energy Limited — Capital/Financing Update 2021
Dec 8, 2021
62083_rns_2021-12-08_8aa59da0-c2ba-4efa-a243-89e9b531741a.pdf
Capital/Financing Update
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KEL/SEC/SKC/12/2021
December 08, 2021
NATIONAL STOCK EXCHANGE OF INDIA LTD
Exchange Plaza, Plot NoC/1, G Block Bandra-Kurla Complex Bandra East Mumbai – 400 051
NSE Symbol : KARMAENG
Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015 – Withdrawal of the Scheme of Amalgamation
Sir,
This is with reference to our Application under Regulation 37 of SEBI (LODR) Regulations, 2015 dated February 16, 2021 intimating the approval of the board of directors (“Board”) of Karma Energy Limited to the amalgamation of wholly owned subsidiary namely M/s. Batot Hydro Power Limited with the Company.
The Board of Directors at their meeting held today have approved withdrawal of the Scheme and is initiating the process of withdrawal of application for Amalgamation before the Honorable National Company Law Tribunal, The Board has been evaluating other business opportunities & alternatives for restructuring hence have decided not to further pursue the said Scheme of Amalgamation.
Please treat this as intimation in terms of Regulation 30 of the SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015.
Thanking you
For KARMA ENERGY LIMITED
T. V. Subramanian Digitally signed by T. V. Subramanian Date: 2021.12.08 15:40:10 +05'30'
T V Subramanian CFO & Company Secretary
KARMA ENERGY LIMITED
Regd. Off. Empire House, 214, Dr. D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai – 400 001 Tel Nos. 22071501 (6 Lines), Fax : 22071514, Email : [email protected] www.karmaenergy.co . CIN L31101MH2007PLC168823
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