Manaksia Ltd

The Board of Directors at its meeting held today has approved the scheme of arrangement between Manaksia Limited (ML or the Demerged Company) and Manaksia Ferro Industries Limited (MFIL or the Resulting Company) and their respective shareholders providing for the demerger of the Companys Metal Products Business undertaking (hereinafter referred to as the Scheme) under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act 2013 and relevant rules made thereunder