(30-Jan-2015 Hours IST)
Adani Enterprises Ltd has informed BSE regarding Outcome of Board Meetign held on January 30, 2015. Adani Enterprises Ltd has informed BSE regarding a Press Release dated January 30, 2015, titled 'Adani Group announced Scheme of Arrangement'. Adani Ports and Special Economic Zone Ltd has informed BSE that the Company has received certified copy of the order of the Hon'ble High Court of Gujarat sanctioning the Composite Scheme of Arrangement between Adani Enterprises Limited and Adani Ports and Special Economic Zone Limited and Adani Power Limited and Adani Transmission Limited and Adani Mining Private Limited and their respective Shareholders and Creditors pursuant to the provisions of Sections 391 to 394 and the other provisions of the Companies Act, 1956. The Company has made requisite filing on May 22, 2015 with the Registrar of Companies, Gujarat and accordingly, the effective date of scheme is May 22, 2015. (As per BSE Announcement Dated on 29.05.2015) Adani Enterprises Ltd has announced the following results for the quarter ended September 30, 2015: The Unaudited Standalone results for the Quarter ended September 30, 2015 The Company has posted a net profit of Rs. 2151.80 million for the quarter ended September 30, 2015 where as the same was at Rs. 2122.70 million for the quarter ended September 30, 2014. Total Income is Rs. 23354.50 million for the quarter ended September 30, 2015 where as the same was at Rs. 37852.00 million for the quarter ended September 30, 2014. The Consolidated Results are as follows: The Unaudited Consolidated results for the Quarter ended September 30, 2015 The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 2988.60 million for the quarter ended September 30, 2015 where as the same was at Rs. 2102.90 million for the quarter ended September 30, 2014. Total Income is Rs. 118441.00 million for the quarter ended September 30, 2015 where as the same was at Rs. 142657.20 million for the quarter ended September 30, 2014. - The Hon'ble Gujarat High Court vide its Order dated May 07, 2015 has sanctioned the Composite Scheme of Arrangement between Adani Enterprises Limited (AEL), Adani Ports and Special Economic Zone Limited (APSEZ), Adani Power Limited (APL), Adani Transmission Limited (ATL) and Adani Mining Private Limited (AMPL) and their respective Shareholders and Creditors pursuant to the provisions of Section 391 to 394 and the other provisions of the Companies Act, 1956 and Companies Act, 2013 ('Scheme'). The Scheme came into effect on May 22, 2015 upon filing certified copies of the orders of the Hon'ble Court of Gujarat sanctioning the Scheme with the Registrar of the Companies, Gujarat at Ahmedabad. The Scheme with effect from Appointed Date i.e. April 01, 2015 inter alia provided for: (i) Demerger of Port Undertaking, Power Undertaking and Transmission Undertaking comprising the undertaking, businesses, activities, operations, assets (movable and immovable) and liabilities of AEL and transfer of the same to APSEZ, APL and ATL respectively. ii) Merger of AMPL into AEL; Pursuant to the Scheme, the difference between the assets and liabilities of the above Undertakings have been appropriated against the Securities Premium Account and therefore, the Reserves and Surplus has reduced by Rs. 7228 Crores. In view of above, the results of the current period reported are after giving effect of the Scheme as on appointed date i.e. April 01, 2015 and hence previous period numbers are not comparable to that extent. (As per BSE Announcement dated on 02.11.2015)
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