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At meeting held on 14 April 2017The Board of Directors of Berger Paints India at its meeting held on 14 April 2017 inter alia, approved the Scheme of Amalgamation of BJN Paints India ('the Transferor Company'), a wholly owned subsidiary of Beepee Coatings (a wholly owned subsidiary of the Company) with the Company with effect from 1 April 2017 ('Appointed Date'), pursuant to Sections 230 and 232 of the Companies Act, 2013.
The Scheme is conditional upon and subject, inter alia, to sanction of the same by the Hon'ble National Company Law Tribunal ('NCLT').
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