Nitco Ltd has informed BSE that in accordance with the directions of the Hon'ble High Court of Bombay in Company Application No. 139 of 2011, Meeting of the Equity Shareholders of the Company to approve the Scheme of Amalgamation of Particle Boards India Limited (PBIL) with Nitco Limited and their respective shareholders and creditors ("the scheme") was convened and held on April 01, 2011.
The Company has further informed that at the meeting, the Equity Shareholders have approved the Scheme with requisite majority.
Sensex
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Sunday, April 03, 2011
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