Vishal Exports Overseas Ltd has informed that the Board of Directors of the Company at its meeting held on January 03, 2008, has considered and approved the following:
1. The proposal to demerge the Wind Farm Project of the Company situated in the states of Rajasthan and Tamilnadu, on a going concern basis, to Vishal Wind Project Ltd, Ahmedabad and
2. The draft Scheme of Demerger as placed before the Board and initialed by the Chairman for the purpose of identification.
The aforesaid Scheme of Demerger is subject to approval of Members of the Company and also the sanction of the Honble High Court of Gujarat.
1. The proposal to demerge the Wind Farm Project of the Company situated in the states of Rajasthan and Tamilnadu, on a going concern basis, to Vishal Wind Project Ltd, Ahmedabad and
2. The draft Scheme of Demerger as placed before the Board and initialed by the Chairman for the purpose of identification.
The aforesaid Scheme of Demerger is subject to approval of Members of the Company and also the sanction of the Honble High Court of Gujarat.
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