International Paper APPM Ltd has informed BSE that in pursuance of Order dated November 07, 2016 issued by the Hon’ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh (High Court), the Company had dispatched on November 25, 2016 Notice convening the Meeting to all Equity Shareholders of the Company on December 21, 2016 at 10.30 A.M. in Rajahmundry for the purpose of considering and, if thought fit, approving with or without modification, the Scheme of Arrangement amongst the Company and its Members to re-classify and transfer the amount of Rs.288.76 crores lying to the credit of General Reserves to the Profit & Loss Account of the Company under the terms and conditions of the Scheme.
