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Maharaja Shree Umaid Mills` equity shareholders to approve scheme of arrangement

Maharaja Shree Umaid Mills has announced that pursuant by an order made on the 20 December 2012, the Hon`ble High Court at Calcutta has directed that separate meetings of the equity shareholders of Kiran Vyapar ("the resulting company") and Maharaja Shree Umaid Mills ("the demerged company") be held on 13 February 2013 to approve the proposed scheme of arrangement between the resulting company and the demerged company and their respective shareholders whereby and where under the demerged company will demerge its "investment division" to the resulting company.

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