Herbertsons Updates on Composite Scheme of Arrangement

With reference to the earlier announcement regarding Composite Scheme of Arrangement between Phipson Distillery Ltd, United Spirits Ltd, the Company, Triumph Distillers & Vintners Pvt Ltd, Shaw Wallace Distilleries Ltd, Baramati Grape Industries Ltd, United Distillers India Ltd, McDowell International Brands Ltd, McDowell India Spirits Ltd and McDowell & Company Ltd, Herbertsons Ltd has announced about the following:

The Scheme provides that it would be effective upon filing of the Orders of the Hon’ble High Courts of Karnataka and Bombay with the Registrar of Companies.

The Orders of the Hon’ble High Courts of Karnataka and Bombay have been received and filed by the concerned companies with the Registrar of Companies, Karnataka at Bangalore and the Registrar of Companies, Maharashtra, at Mumbai and Pune.

The Scheme has therefore become effective from October 05, 2006.

Accordingly, the Company has been amalgamated with McDowell & Company Ltd, the amalgamation taking effect from April 01, 2005, being the Merger Appointed Date.

Also, the Company is dissolved without winding-up.

Source : Equity Bulls

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