Corporate News     30-Dec-14
Board of Texmaco Rail & Engineering approves scheme of amalgamation with Kalindee Rail Nirman (Engineers)
At meeting held on 30 December 2014
Texmaco Rail & Engineering announced that the Board of Directors of the Company at its meeting held on 30 December 2014 has discussed and approved filing of application, for sanction to the Scheme of Amalgamation of Kalindee Rail Nirman (Engineers) with the Company, as required persuant to clause 24(0 of the Listing Agreerment, in furtherance to the decision taken by it in its meeting held on May 21, 2014. The share swap ratio of 1.06:1, i.e., 106 (One Hundred and six only) fully paid-up equity shares of Re. 1 each of the Company to be issued for every 100 (One Hundred) ful1y paid-up equity share of Rs. 10 each held by a shareholder in Kalindee Rail Nirman (Engineers), shall remain unchanged.

Further, the board of approved appointment of A K Vijay, CFO & Secretary of the Company on the Board of Directors and be designated as Executive Director with effect from 01 January 2015.

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