CHEMFALKAL

Chemfab Alkalis Limited has informed the Exchange that National Company Law Tribunal Division Bench Chennai vide its order dated March 30, 2017 received by the Company on April 04, 2017 has approved the Scheme of Amalgamation and Arrangement between Chemfab Alkalis Limited ("Transferor Company") and Teamec Chlorates Limited ("Transferee Company") and their respective shareholders and creditors.

Chemfab Alkalis Limited has informed the Exchange that National Company Law Tribunal, Division Bench Chennai has heard the Scheme of Amalgamation and Arrangement of M/s Chemfab Alkalis Limited with Teamec Chlorates Limited and their respective shareholders and creditors today the 30th day of March 2017 and has reserved orders on the same.

Chemfab Alkalis Limited has informed the Exchange that the Hon'ble High Court of Madras has sanctioned the Scheme of Arrangement (Demerger) between Chemfab Alkalis Limited and Titanium Equipment and Anode Manufacturing Company Limited, vide its Order dated March 14, 2011.

Chemfab Alkalis Limited has informed the Exchange that the Board Meeting held on December 05, 2010, at which the proposal to Demerge the operations and activities pertaining to the business of Hollow Fiber Ultra Filtration Membranes, Packaged Drinking and Energy Water, a Health Shoppe into the trading of health related products (Demerged Undertaking) to Titanium Equipment and Anode Manufacturing Company Limited (TEAM) in terms of Scheme of Arrangement under Section 391-394 of the Companies Act, 1956 was considered and approved.