Praveg Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2025 ,inter alia, to consider and approve the Scheme of Amalgamation ('Scheme') ....
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Praveg Ltd has informed BSE that its Board of Directors will meet on April 23, 2025, to consider and approve a Scheme of Amalgamation with Eulogia Inn Private Limited. Under the proposed transaction, Eulogia Inn Private Limited (Transferor Company) will merge into and with Praveg Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. The scheme will also cover their respective shareholders and creditors. The trading window for dealing in Praveg's securities will remain closed until 48 hours after the declaration of unaudited financial results for Q4 and FY25 ended March 31, 2025.
If approved, the amalgamation will absorb Eulogia Inn Private Limited into Praveg Ltd, potentially expanding the company's business portfolio. Shareholders should watch for further details on the swap ratio, valuation, and timeline for NCLT approval, which could affect stock sentiment post-board approval.