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Panasonic Appliances - Outcome of Board Meeting

By Religare

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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