Transfer of Projects from KNNL to VJNL
A Joint Application has been filed by M/s. Karnataka Neeravari Nigam Limited (“Demerged Company”/KNNL) and M/s. Visvesvaraya Jala Nigam Limited (“Resulting Company”/VJNL) for the Scheme of Arrangement pursuant to Sections 230 to 232 of the Companies Act, 2013 and Rules made thereunder for transfer of 4 Projects viz., a) Upper Bhadra Project b) Yettinahole Integrated Drinking Water Project c) Vanivilas Sagar Project and d) Gayathri Project to the Resulting Company, VJNL.
The Following documents pertaining to the said Scheme of Arrangement are notified as required under the provisions of the said Sections of the Companies Act, 2013 and Rules made there under and the direction of the Competent Authority of the Central Government in its Order dated April 15, 2019: