Arvind Remedies (ARL) has received an approval for demerger of
Irungattukottai unit of the company into their wholly owned subsidiary
(WOS), Arvind Wellness and fixed the appointed date as April 08, 2013.
The board of directors at its meeting held on May 15, 2013 has approved
for the same. The resultant company (WOS) will be issuing preference
share to the shareholders of ARL as a part of the demerger scheme.
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