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Aashee Infotech Ltd. - Outcome of Board Meeting

By Religare

Aashee Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2013, inter alia, has considered and approved the following:

1. Scheme of Compromise and Arrangement under Section 391 to 394 read with Section 100 to 104 of the Companies Act, 1956 for Merger of the Companies M/s. Jatalia Global Ventures Ltd., M/s. Jatalia Industrial Park Pvt. Ltd., M/s. Lusa Private Ltd., & M/s. Surya Soft-Tech Ltd. with the Company M/s. Aashee Infotech Ltd.

The Appointed Date for the Scheme would be April 01, 2013,

The Scheme will take effect after necessary approvals from Regulatory Authorities, Shareholders of the respective Companies and the Honble High Court of Judicature at Haryana.

2. The said scheme of Compromise and Arrangement has already been considered by the Audit Committee in its meeting held on June 28, 2013.

3. Authorization to make an application to the Exchange, SEBI, Court and other regulatories as applicable.

Read more about: aashee infotech
Story first published: Friday, June 28, 2013, 22:55 [IST]
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