This Article is From Oct 29, 2011

Sequent Scientific Ltd - Updates on Equity Shareholders to approve Scheme of Amalgamation

Sequent Scientific Ltd - Updates on Equity Shareholders to approve Scheme of Amalgamation

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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 pursuant by an Order made on February 11, 2011, in the above Company Summons for Direction, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company on March 15, 2011, for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Scheme of Amalgamation of Fraxis Life Sciences Ltd. ('Fraxis') and Sequent Scientific Ltd.  ('Sequent') and their respective Shareholders ('Scheme').Further the Company has informed that, as per the directions of the Hon'ble High Court of Bombay in Company Application No. 90 of 2011, Extraordinary General Meeting of the equity shareholders of the Company will be held on March 15, 2011, to transact as Special Business the cancellation of Equity Share Capital of the Company held by Fraxis in terms of the Scheme.