Corporate News     05-Jul-14
Board of Gokul Refoils and Solvent approves scheme of arrangment
At meeting held on 04 July 2014
Gokul Refoils and Solvent announced that the Board of Directors of the Company at its meeting held on 04 July 2014 considered and approved composite scheme of arrangement between the Company and Gokul Agro Resources and Gokul Agri International and their respective shareholders and creditors under section 391 to 394 of the Companies Act, 1956 subject to requisite approvals of the shareholders and the creditors of the respectively companies and the sanction of the Hon'ble High Court of Gujarat at Ahmedabad or such other competent authority and other necessary statutory approval.

The scheme envisages the following -

Demerger of Gandhidham Undertaking into Gokul Agro Resources, with appointed date of 01 January 2015.

Transfer of Sidhpur Undertaking and Sidhpur Windmill Undertaking to Gokul Agri International, with appointed date of 01 January 2015.

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