Investor Presentaiton slide image

Investor Presentaiton

Scheme of Arrangement & Amalgamation PRISM RMC PRISM CEMENT Complete Couto JOHNSON Not forat es, Mestyle Company has considered and approved Composite Scheme of Arrangement and Amalgamation amongst Prism Johnson Limited (PJL), H. & R. Johnson (India) TBK Limited, Milano Bathroom Fittings Private Limited, Silical Ceramica Private Limited, TBK Rangoli Tile Bath Kitchen Private Limited, TBK Venkataramiah Tile Bath Kitchen Private Limited, TBK Samiyaz Tile Bath Kitchen Private Limited and their respective shareholders and creditors: Key highlights of the scheme: The Appointed Date for the Scheme is April 1, 2018 and it is the date from which the Scheme will be operative. All companies involved in the proposed restructuring, directly or through subsidiary, are wholly owned subsidiaries of PJL. No cash consideration involved The scheme shall be subject to shareholders & creditors approval, as applicable, and the necessary statutory and regulatory approvals Key objectives of the scheme Proposed Scheme would result in elimination of multiple operating companies' structure Simplification of group structure under common management Consolidation of business would lead to better, efficient and economical cost management, cost savings, pooling & optimum utilization of resources amongst others There will be no change in shareholding pattern of the Company The Scheme is likely to get completed by Q3FY20 subject to approvals and opening of lockdown 37 www.prismjohnson.in
View entire presentation