NEW DELHI: The Board of Directors of Dalmia Bharat Limited (DBL), and OCL India Limited (OCL), at their respective meetings held on 24th January, 2018, approved the Scheme of Arrangement and Amalgamation (the 'Scheme') inter alia of Dalmia Bharat Limited (DBL) and OCL India Limited (OCL).
Under the National Company Law Tribunal (NCLT) convened, shareholders of both the companies approved (the 'Scheme') unanimously with 100% of the votes casted in favour of the same.
Mr. Jayesh Doshi, Group CFO and Whole Time Director, Dalmia Bharat Limited, stated that :
"This brings us one step closer to our objective of simplifying the group structure and creating one listed entity. We thank all our stakeholders for their unstinted support. We value this support deeply and remain committed to value creation for all our stakeholders."
The Scheme is now before the National Company Law Tribunal for the final approval which is expected to be received in the next 3 months.
