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Shree Renuka Sugars Ltd. M&A Activity 2019
59404_rns_2019-11-10_e549d8b1-fe3e-42db-802a-66a38d8306e9.pdf
M&A Activity
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lOth November 2019
Listing Department National Stock Exchange of India limited Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai- 400 051
Dept. of Corporate Service BSE limited P. J. Towers, Dalal Street Mumbai- 400 001
NSE Symbol: RENUKA BSE Scrip Code: 532670
Dear Sir/Madam,
Sub: Outcome of the meeting of the Board of Directors of Shree Renuka Sugars limited (Company) held on 101 h November 2019
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) and other applicable laws, we inform you that the Board of Directors of the Company (Board) has, at its meeting held today i.e. 10th November 2019, inter-alia, considered and given its in-principle approval for the merger of Gokak Sugars Limited, a subsidiary of the Company, with the Company, subject to necessary approvals.
The draft scheme of merger (Scheme) (along with a valuation report by a regi stered valuer, fairness opinion prepared by an independent SEBI registered merchant banker, the report of the audit committee of the Company, and other requisite documents) shall be placed before the Board for its consideration and approval at a subsequent meeting.
The Scheme, if subsequently approved by the Board, shall be subject to al l requisite approvals, disclosures and other compliances in accordance with the Companies Act, 2013, the LODR Regulations and other applicable laws.
You are requested to take the same on your records.
Thanking you,
Yours faithfully, For Shree Renuka Sugars Limited
Q r- oeepak Maneril<ar
Company Secretary
Shree Renuka Sugars Limited
corporate Office : 71 h Floor • Devchand House • Shiv Sagar Estate • Dr. Annie Besant Road • Worli Mumbai 400 018 • Maharashtra • India P +91 22 2497 7744/40011400 F +91 22 2497 7747 E [email protected]
Registered Office : 2nd j 3rd f loor, Kanakshree Arcade, CTS No. 10634, JNMC Road, Nehru Nagar, Po : Belagavi - S90 010 • Karnataka • India P +91 831 2404000 F +91 831 2404961 W www.renukasugars.com ·Corporate Identification No.: L01S42KA1995PLC019046