Panasonic Appliances - Outcome of Board Meeting

Posted By: Religare
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Panasonic Appliances India Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2013, inter alia, has approved the following :

- Scheme of Arrangement under section 391 read with sections 78, 100 to 104 of the Companies Act, 1956 to facilitate the proposed corporate restructuring exercise wherein a portion of the Securities Premium Account would be utilized/adjusted against the profit & Loss account.

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