BIFR approves merger of Khalilabad Sugar Mills with Balrampur Chini Mills
Country's leading sugar manufacturer Balrampur Chini Mills, on Thursday, said Board for Industrial and Financial Reconstruction (BIFR) has sanctioned merger of Khalilabad Sugar Mills Pvt. Ltd (KSMPL) with Balrampur Chini Mills Ltd (BCML) under the Modified Draft Rehabilitation Scheme.
"The certified copy of the order of BIFR has been filed with Registrar of Companies (RoC) both West Bengal and U.P. on September 26, 2013. After filing of the said Order with RoC, KSMPL merger with BCML," Balrampur Chini Mills said in a filing to Bombay Stock Exchange.
The said scheme comes into operation from the appointed date i.e. April 01, 2012, it added.