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Sigma Electric amalgamated into its parent company

By Niranjan Mudholkar,

Added 11 October 2017

The entire business, undertaking, interests, rights and liabilities are also transferred and amalgamated

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Sigma Electric Manufacturing Private Limited (formerly known as Sunk Rock Metal Foundries India Limited) (“Sigma Electric”) has announced that it has effected the merger of its wholly owned subsidiary, Sigma Electric Manufacturing Corporation Private Limited (“Subsidiary”) with itself with effect from October 6, 2017 as per the terms of the Scheme of Amalgamation between the companies sanctioned by the National Company Law Tribunal, Mumbai bench vide its order dated September 14, 2017 (the “Merger Order”).

As a result of the Amalgamation, the entire business, undertaking, interests, rights and liabilities of the Subsidiary stand transferred and amalgamated into Sigma Electric and Sigma Electric shall be deemed to be automatically substituted in place of the Subsidiary by virtue of Sigma Electric being the successor-in-interest of the Subsidiary, in accordance with, and as per the terms of the Scheme of Amalgamation between the Parties sanctioned by the National Company Law Tribunal, Mumbai Bench (“NCLT”) vide its Merger Order.

“Our business and operations will continue to run under the name of Sigma Electric i.e. “Sigma Electric Manufacturing Private Limited” by the same experienced management team that is in place today and shall remain headquartered in Pune, India,” said a Company Statement.

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