(09-Feb-2016 Hours IST)
Indian Toners & Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2016, inter alia, has taken the following decisions: 1. The Board has considered and approved the proposal for amalgamation of its subsidiary, namely, M/s. ITDL Imagetec Limited with the Company, in accordance with the provisions of Section 391-394 of Companies Act, 1956 or the applicable provisions of Companies Act, 2013. Indian Toners & Developers Ltd has informed BSE that Postal Ballot Notice & Form for seeking consent of shareholders of the Company for Scheme of Arrangement for amalgamation of ITDL Imagetec Limited and four other Group Companies with Indian Toners & Developers Limited has been approved by the Board of Directors in its meeting held on August 27, 2016. (As Per BSE Announcement Dated on 29.08.2016) Indian Toners & Developers Ltd has submitted to BSE a copy of Newspaper advertisement for Postal Ballot and E-voting Results. (As Per BSE Announcement Dated On 03/11/2016) Indian Toners & Developers Ltd has informed BSE regarding 'Newspapers Clippings of Notice of Petition'. In compliance with the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation. 2015, we furnish herewith the Newspapers Clippings of the Notice of Petition published in Business Standard (English, Nationwide) and Business Standard (Hindi. Delhi Edition) dated 11.2.2017 as directed by National Company Law Tribunal (NCLT) Allahabad Bench in the matter of Scheme of Arrangement for amalgamation of ITDL Imagetec Limited (Transferor Company 1), with Indian Toners and Developers Limited (Transferee Company). (As per BSE Announcement dated on 13.02.2017) Indian Toners & Developers Limited has intimated BSE Limited that Hon'ble National Company Law Tribunal, Allahabad Bench, Allahabad has sanctioned the Scheme of Arrangement vide their order dated 9.5.2017, a copy of order is attached herewith. (As Per BSE Announcement Dated On 31/05/2017)
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