NCLT sanctions Scheme of Arrangement w.r.t. demerger of Spinning Division of GHCL to GHCL Textiles

The National Company Law Tribunal, Ahmedabad Bench has sanctioned the Scheme of Arrangement (in the nature of demerger of the Spinning Division of the demerged company to the resulting company) between GHCL Limited and GHCL Textiles Limited (GTL) and their respective shareholders and creditors under Sections 230 to 232 of Companies Act, 2013 read with Companies (Compromise, Arrangements and Amalgamations) Rules, 2016.

K. S. Narendiran appointed on board of HPCL

K. S. Narendiran was appointed to the Hindustan Petroleum corporation Limited (HPCL) Board effective March 15, 2023. K. S. Narendiran hails from Tamil Nadu State and is self-employed by profession. He is a social worker and actively involved in various activities which are for the advancement of weaker sections of the society.