Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to approval of Scheme of Arrangement between Siyaram Silk Mills Limited ....

Scheme of Arrangement approved by NCLT Mumbai Bench - Scheme sanctioned under Section 230 of Companies Act, 2013 - Issue of Preference Shares by way of bonus to equity shareholders - 4 Preference Shares Series I and 3 Preference Shares Series II per equity share - Preference Shares are 9% cumulative non-convertible redeemable - Series I redeemable in 3 years, Series II in 5 years, both at par - Shares to be listed on BSE and NSE, remain frozen till listing - Scheme utilizes general reserves; no cash outflow at issuance - Company to comply with all statutory and regulatory requirements