Emkay Taps & Cutting Tools Ltd

Emkay Taps and Cutting Tools Limited has informed the Exchange about the Board of Directors approval for the Scheme of Arrangement, under Sections 230 to 232 read with Section 66 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 and rules and regulations framed thereunder between Emkay Taps and Cutting Tools Limited ( Demerged Company or the Company ) and Emkay Tools Limited ( Resulting Company or the Company ) and their respective shareholders ( the Scheme ), interalia, for demerger of manufacturing of threading taps and cutting tools division ( Demerged Undertaking ) of the Company into the Resulting Company.