This is to inform that the Working Committee of the Board of Directors at their meeting held today, have inter alia(i) Noted the receipt of the certified copy of the order dated March 24, 2025, from the Hon ble NCLT, Chennai sanctioning the Scheme(ii) Noted the Appointed date of the Scheme. i.e. April 01, 2024(iii) Noted the Effective date of the Scheme. i.e. April 07, 2025(v) Approved the Record date for eligible shareholders. i.e. April 22, 2025The meeting of the Working Committee of Board commenced at 12:10 hrs (IST) and concluded at 12:15 hrs (IST).
Awaiting price reaction for this filing.
Rane Engine Valve Limited has informed that the NCLT Chennai has sanctioned the Scheme of Arrangement via its order dated March 24, 2025. The Appointed Date of the Scheme is April 01, 2024, while the Effective Date is April 07, 2025. The Working Committee of the Board has approved April 22, 2025 as the Record Date to identify eligible shareholders under the Scheme. The Board meeting was a brief 5-minute session held between 12:10 hrs and 12:15 hrs IST.
Eligible shareholders as on the Record Date (April 22, 2025) will be entitled to receive consideration per the Scheme terms. The scheme is now effective, and shareholders should expect allotment/credit of new shares or other entitlements shortly after the Record Date.