This Article is From Oct 29, 2011

Sequent Scientific Ltd - Outcome of Court Convened Meeting & EGM

Sequent Scientific Ltd - Outcome of Court Convened Meeting & EGM

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Highlights

  • The board at its meeting held on October 29, 2011 has approved for the same
Mumbai: Sequent Scientific Ltd has informed BSE that in accordance with the directions of the Hon'ble High Court of Judicature at Bombay in Company Summons for Directions No. 90 of 2011, the Court Convened meeting of Equity Shareholders was held on March 15, 2011 for the purpose of considering and if thought fit, approving, with or without modifications the Scheme. Also, in accordance with the directions of the Hon'ble High Court of Judicature at Bombay in Company Summons for Directions No. 90 of 2011, the Extra Ordinary General meeting of Equity Shareholders was held on March 15, 2011 soon after the conclusion of the Court Convened Meeting of Equity shareholders of the Company to transact as Special Business the cancellation of Equity Share Capital of the Company held by Fraxis in terms of the Scheme. Further the Company has informed that, the Equity Shareholders have approved the Scheme as well as the cancellation of Equity Share Capital of the Company held by Fraxis unanimously / with requisite majority.