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Last year, the Board of Directors of Pioneer Distilleries Limited & United Spirits Limited at its meeting, approved a scheme of amalgamation in relation to the proposed merger of the Company with its parent company United Spirits Limited under Sections 230 - 232 and other applicable provisions of the Companies Act, 2013 and the rules thereof.

Godawari Power & Ispat Ltd. (GPIL), a listed company, is going to acquire the power undertaking of its unlisted associate company, Jagdamba Power and Alloys Ltd. (JPAL). It is going to be an all stock deal. Earlier in 2018, the companies had tried to amalgamate JPAL into GPIL but the shareholders of JPAL had rejected the scheme. Now in a renewed effort, GPIL has again knocked the doors of JPAL to meet its power needs.

The merger was to consolidate India business of RHIM Group, by which two private limited companies will merge into the listed entity Orient Refractories Limited and RHI Magnesita, the Parent Company will have an approximately 70% stake in the Orient Refractories which will be renamed RHI Magnesita India.

Britannia is issuing fully paid-up bonus debentures of the face value of INR 29/- and dividend of INR 12.50/- per fully paid-up equity share through Scheme of Arrangement between the Company and its members

Ministry of Corporate Affairs (MCA) identified many directors associated with the companies that had failed to file financial statements or annual returns for a continuous period of three financial years 2013-14, 2014-2015 and 2015-2016 and consequently they became disqualified as per sec 164 (2) of the companies act 2013, to act as Directors.