(26-Jan-2022 Hours IST)
Intimation under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') Clarification in regards to proposed mergers of 3 listed subsidiaries of Macrotech Developers Limited (MDL) is enclosed herewith Intimation under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') (As per BSE Announcement Dated on 25/01/2022) With reference to above, we would like to inform that at the meeting held today, the Board of Directors of the Company based on the recommendations of the Audit Committee and the Committee of Independent Directors has considered and approved the Scheme of Merger by Absorption of the following companies: Roselabs Finance Limited ('RFL'), National Standard (India) Limited ('NSIL' or 'the Company') and Sanathnagar Enterprises Limited ('SEL'): (RFL, NSIL and SEL together referred to as 'Transferor Companies') with Macrotech Developers Scheme of Arrangement (As per BSE Announcement Dated on 30/07/2024)
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