(09-Aug-2021 Hours IST)
This is to inform that the Company had filed a Scheme of Amalgamation ('Scheme') under sections 230 to 232 of the Companies Act, 2013, read with the Companies(Compromise, Arrangements and Amalgamations) Rules, 2016, for amalgamation of Comstar Automotive Technologies Private Limited ('Transferor Company') with Sona BLW Precision Forgings Limited ('Transferee Company' or 'Company') and their respective shareholders, before the Hon''ble National Company Law Tribunal, Chandigarh ('NCL T') on January 10, 2020,i.e.before the listing of shares of the Company. Pursuant to filing of Second Motion Petition by the Company on December 27, 2020, the NCLT had issued order on July 23, 2021 giving directions to the Company to publish advertisement in 'Business Standard' (English) Haryana Edition and 'Business Standard' (Hindi) Haryana Edition informing the public about the next date for hearingof petition as September 17, 2021 and to serve the notice of the petition to various regulatory authorities. Dear Sir / Madam, Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Hon'ble National Company Law Tribunal, Chandigarh Bench (NCLT) has sanctioned the Scheme of Amalgamation of Comstar Automotive Technologies Private Limited ('Transferor Company') with Sona BLW Precision Forgings Limited ('Transferee Company' or 'Company') and their respective shareholders ('the Scheme') vide its Judgement and Order ('Order') dated 7th January, 2022, which is subject to filing of the schedule of properties as mentioned in para 17 of the attached Order, a copy of the said Order was published on 10th January, 2022, on the website of the Hon'ble NCLT. (As Per BSE Announcement dated on 10.01.2022) This is in furtherance to our earlier letter dated 10th January, 2022, wherein we have informed that the Hon'ble National Company Law Tribunal, Chandigarh Bench (NCLT) has sanctioned the Scheme of Amalgamation of Comstar Automotive Technologies Private Limited ('Transferor Company') with Sona BLW Precision Forgings Limited ('Transferee Company' or 'Company') and their respective shareholders ('the Scheme') vide its Judgement and Order ('Order') dated 7th January, 2022. We wish to inform that the Company has received the Certified True Copy of the Order from the NCLT on 24th January, 2022 as attached herewith. The board of directors of both the Transferor Company and Transferee Company on 25th January, 2022, through resolution approved by circulation, has taken on record the Certified True Copy of the Order and authorized for filing the Certified True Copy of the Order to the Registrar of Companies NCT of Delhi & Haryana ('ROC'). (As Per BSE Announcement Dated on 28.01.2022)
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