Alembic Ltd: Approval of Scheme of Demerger

Alembic Ltd has informed BSE that the petition filed by the Company for approval of Scheme of Arrangement in nature of demerger and transfer of the Pharmaceutical Undertaking of Alembic Ltd as a going concern to Alembic Pharma Ltd, and consequential Re-organisation of its Share Capital, pursuant to Sections 391 to 394 read with Sections 78 and 100 to 104 and other relevant provisions of the Companies Act, 1956 has been sanctioned by the Hon'ble High Court of Gujarat vide Oral Order dated January 24, 2011 received by the Company on February 23, 2011.