Hester Biosciences provides update on scheme of arrangement

Receives High Court order on 27 January 2016

Hester Biosciences announced that the Scheme of Arrangement in the nature of Amalgamation of Diavetra Lifesciences, Gujarat Agrofarm and Hester Biosciences (Mauritius) with Hester Biosciences and De-merger and Transfer of Trading undertaking of Innoves Animal Health into Hester Biosciences filed under Section 391 - 394 and other applicable provisions, if any, of the Companies Act 1956, the Companies Act 2013 and Mauritius Companies Act, 2001 has been sanctioned by the Hon'ble High Court of Gujarat.

The certified copy of the said order is received by the Company on 27 January 2016 and pursuant to the aforesaid order, the Company is in the process of making the requisite filing with the Registrar of Companies, Gujarat at Ahmedabad. Further, the Company shall also be complying with document filing requirements in accordance with the SEBI guidelines.

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