The board Accepted the resignation of Mr. Aniq Husain, an Independent Director.
APL Apollo Tubes Limited has announced that the Board of Directors in their meeting held on May 9, 2015, approved the proposal for Amalgamation of M/s Lloyd Line Pipes Limited with the Company, in terms of the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 (applicable as on date) or any corresponding provisions of the Companies Act, 2013.
The Board had earlier in September 2013, approved the Merger of the said companies, however, due to technical difficulties the same could not be pursued.
The board Accepted the resignation of Mr. Aniq Husain, an Independent Director.
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