Hindustan Unilever L - Outcome of Board Meeting - HUL Board approves 'Scheme of Arrangement' for the proposed transfer of the

January 15, 2016 - 02:52:00 PM

Hindustan Unilever Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2016
has considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956, between the Company and its members (?Scheme?) to reclassify and transfer the amounts lying to the credit of the General Reserve to the Profit & Loss Account of the Company.

The Scheme does not contemplate any separate benefits for the promoter/promoter group/group companies other than the eligibility as shareholders. Upon the Scheme becoming effective, there will be no change in the shareholding pattern of the Company pursuant to the Scheme.

In this regard, the Company has issued a copy of Press Release, titled "HUL Board approves 'Scheme of Arrangement' for the proposed transfer of the balance in the General Reserves to the Profit and Loss Account"

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
“2019 © COPYRIGHT DYNAMIC EQUITIES PVT. LTD.”

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

Disclosure: We, Dynamic Equities Private Limited are also engaged in Proprietory Trading apart from Client Business. In case of any complaints/grievances, clients may write to us at compliance@dynamiclevels.com

  • Download our Mobile App
  • Available on Google Play
  • Available on App Store
  • RSS