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(16/04/2020 12:57)

Godawari Power & Isp - Scheme of Arrangement

Godawari Power And Ispat limited has informed the Exchange about Scheme of Arrangement Intimation regarding receipt of Observation Letters from Stock Exchanges of the Draft Scheme of Arrangement involving of Demerger of Power Business Undertaking of Jagdamba Power and Alloys Limited with into Godawari Power and Ispat Limited.Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, we wish to inform you that our Company has received observation letters from both BSE and NSE vide their letters dated 13.04.2020 and 15.04.2020 respectively regarding draft Scheme of Arrangement involving of Demerger of Power Business Undertaking of Jagdamba Power and Alloys Limited with into Godawari Power and Ispat Limited under Section 230 to 232 of the Companies Act, 2013, enabling the Company to file the scheme with the Hon'ble NCLT.Please find attached herewith the copies of observation letters of NSE and BSE, which are self explanatory.
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