EID Parry (India) provides update on scheme of amalgamation

Scheme becomes effective from 25 April 2017

EID Parry (India) announced that following NCLT sanctioning the scheme of amalgamation of the Company's subsidiary, Parrys Sugar Industries with EID Parry (India ), the Company has filed on 25 April 2017 e-form No INC 28 with the Registrar of Companies, Chennai along with the Certified True Copy of the sanction Order. As Parrys Sugar Industries has also filed the e-form No INC 28 with the Registrar of Companies, Bengaluru, the Scheme has become effective from 25 April 2017 with the appointed date of 01 April 2016.

Consequent to the Scheme becoming effective, the authorized share capital of the Company stands increased from Rs 2,62,50,00,000/- (Rupees Two Hundred and Sixty Two Crores Fifty Lakhs Only) to Rs 4,37,50,00,000/-. The increase represents the authorized share capital of the Transferor Company, Parrys Sugar Industries. This has been effected in clause v of the memorandum of association of the Company.

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