Ramkrishna Forgings informs about disclosure

Ramkrishna Forgings Ltd. | Forgings | Automobiles | BSE: 532527 | NSE: RKFORGE

23 Dec 2023 Evaluate

In continuation of disclosure dated 22 December 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), Ramkrishna Forgings has informed that the written order dated 22 December 2023 (‘NCLT Order’) of the Hon'ble National Company Law Tribunal, New Delhi Bench (‘NCLT’) approving the resolution plan (‘Approved Resolution Plan’) for the acquisition of ACIL by the Company, has now been made available on the NCLT website. The Approved Resolution Plan provides that as part of the implementation of the Approved Resolution Plan, Ramkrishna Aeronautics (‘RAPL’) a wholly owned subsidiary of the Company shall merge with ACIL and ACIL will continue as a going concern. As per the Approved Resolution Plan, the Company has 60 days from the NCLT Order date to implement the Approved Resolution Plan and such date may be extended upon mutual agreement between ACIL’s Committee of Creditors and the Company. The required disclosure specified in Para A of Part A of Schedule III of the SEB] LODR Regulations read with Chapter V, Section V-A read with Annexure 18 of SEBI/HO/CFD/PoD2/CIR/P/2023/120, Master circular for compliance with the provisions of the SEBI LODR Regulations by listed entities, dated 11 July 2023, is enclosed as Annexure A.

The above information is a part of company’s filings submitted to BSE.