Sub:Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Scheme of Arrangement between Reliance Industries Limited ("RIL") & its Shareholders and Creditors and Reliance Syngas Limited ('RSL') & its Shareholders and Creditors ("Scheme") - Further update
This is further to the various disclosures made by the Company on the captioned subject. We wish to inform you that:
(a) The scheme of arrangement between the Company & its shareholders and creditors was approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, ('NCLT -
Mumbai') on March 30, 2022.
(b) The scheme of arrangement between Reliance Syngas Limited & its shareholders and creditors was approved by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, ('NCLT - Ahmedabad') on March 30, 2022.
(c) The certified copy of both the above orders of NCLT - Mumbai and NCLT - Ahmedabad have been filed with the respective Registrar of Companies on April 4, 2022.
(d) Accordingly, the Scheme has become effective.
(e) Appointed date of the Scheme is March 31, 2022.
We request you to take the same on record.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Company Secretary and Compliance Officer
Copy to:
The Luxembourg Stock Exchange 35A boulevard Joseph II,
Singapore Stock Exchange 2 Shenton Way,
L-1840 Luxembourg
#19-00 SGX Centre 1, Singapore 068804
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Reliance Industries Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 16:36:03 UTC.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.