On 30 March 2017
Gammon India announced that the National Company Law Tribunal, Mumbai Bench ('NCLT') has at the hearing held on 30 March 2017, approved the Scheme of Arrangement between Gammon India ('GIL' or 'the Transferor Company') and Transrail Lighting ('TLL' or 'the Transferee Company') and their respective shareholders and creditors ('the Scheme') for transfer of the Company's T&D Undertaking.A certified true copy of the order is awaited from the NCLT. A copy of the said order will be filed with the Registrar of Companies ('ROC') Mumbai, as soon as the same is received by the Company. The Scheme will come into effect upon filing of the copy of order with the ROC.
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