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Update on Scheme of Arrangement
We wish to intimate that Hon’ble High Court of Uttarakhand, Nainital vide order made on 25th March, 2014 has approved the Scheme of Arrangement among Ester Industries Limited (Transferee) and Sriyam Impex Private Limited (Transferor) and their respective Shareholders and Creditors.
Resignation of Director
We wish to intimate you that the term of Whole-time Directorship of Mr. Ashok Kumar Agarwal has been expired on March 31, 2014. Further Mr. Ashok Kumar Agarwal has resigned from the Directorship of the Company.
Update on Scheme of Arrangement
We wish to intimate you that we have obtained the Order dated 25th March, 2014 of Hon’ble High Court of Uttarakhand approving the Scheme of Arrangement, entered between Ester Industries Limited and Sriyam Impex Private Limited and their respective shareholders, creditors and all concerned, on 26th April, 2014. The effective date of this Scheme of Arrangement is 7th May, 2014
Intimation regarding Allotment of Equity Shares
This is to intimate you that the Company has allotted 99,72,703 Equity Shares to the shareholders of Sriyam Impex Private Limited on 13th June, 2014 pursuant to the Scheme of Arrangement between Ester Industries Limited and Sriyam Impex Private Limited and their respective shareholders, creditors and all concerned approved by Hon’ble High Court of Uttarakhand vide Order dated 25th March, 2014.