PTL Enterprises Ltd has informed BSE that the scheme of demerger of
Medicare and Healthcare Undertaking of PTL Enterprises Limited into Artemis
Global Life Sciences Limited (formerly known as PTL Projects Limited) was
sanctioned by the Hon'ble High Court of Kerala on December 16, 2016.

The Company is yet to receive the certified copy of the order from the
Hon'ble High Court of Kerala for the same.

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