Welspun India Ltd has informed BSE that pursuant to the direction of the Honorable of High Court of Judicature at Gujarat, Ahmedabad, the meeting of the secured creditors, unsecured creditors and equity shareholders of the Company held on January 13, 2009, have approved the Composite Scheme of Arrangement under Sections 78, 100, 391 to 394 of the Companies Act, 1956 between Welspun India Ltd, Welspun Global Brands Ltd and Welspun Investments Ltd for demerger of Marketing Division and Investment & Treasury Division to Welspun Global Brands Ltd and Welspun Investments Ltd, respectively and restructure of these Companies.
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