At meeting held on 09 December 2020The Board of Rupa & Company at its meeting held on 09 December 2020 has approved the Scheme of Arrangement between Oban Fashions, Wholly-owned Subsidiary of Rupa & Company, ( Oban or the Demerged Company) and Rupa & Company ( Rupa or the Resulting Company or the Company) and their respective shareholder(s) (Scheme).
The Demerged Company is an authorized licensee with rights from French Connection Limited to
develop, manufacture, market and sale of the innerwear and related products with the brand
name FCUK in India as well as an authorized licensee with rights from Fruit of the Loom, INC to
manufacture, distribute, advertise and sell innerwear, and outerwear products for men boys