Mahindra & Mahindra Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 22, 2014, inter alia, has considered and approved the proposal for amalgamation of Mahindra Business & Consulting Services Private Limited ('MBCSPL'), a wholly-owned subsidiary, with Mahindra & Mahindra Financial Services Limited ('the Company') and their Shareholders and Creditors under the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956 (including any statutory modification or re-enactment or amendment thereof) as per terms and conditions mentioned in the Scheme of Amalgamation placed before the Board. The salient features of the proposed Scheme are as under: 1. MBCSPL would be amalgamated with the Company. 2. The Appointed Date of the Scheme will be April 01, 2014. 3. All assets and liabilities of MBCSPL to be transferred to and recorded by the Company at book values. 4. No shares of the Company will be issued on amalgamation of MBCSPL as it is a wholly-owned subsidiary of the Company. 5. The Scheme will be subject to the approval from the Hon'ble High Court of Bombay and shareholders and creditors of Transferor Company and Transferee Company, if applicable. With reference to the earlier letter dated October 22, 2014, Mahindra & Mahindra Financial Services Ltd has now informed BSE that the Company would be seeking the approval of the shareholders to be obtained by means of a Postal Ballot in accordance with section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014. The Company has fixed December 03, 2014 as the cut-off date for ascertaining the list of the Shareholders to whom the Postal Ballot Notice will be sent and also for reckoning the voting rights. (As Per BSE Announcement Dated on 01.12.2014) Mahindra & Mahindra Financial Services Ltd has submitted to BSE a copy of the Newspaper Advertisement regarding the Notice of hearing of the Petition before the Hon'ble Company Judge under Sections 391 to 394 of the Companies Act, 1956 for an order sanctioning the Scheme of Amalgamation between Mahindra Business & Consulting Services Private Limited with Mahindra & Mahindra Financial Services Limited and their respective Shareholders and Creditors. (As Per BSE Announcement Dated on 23.02.2015) With reference to the letters dated October 22, 2014, December 01, 2014, December 08, 2014, December 10, 2014, January 13, 2015, January 14, 2015, January 15, 2015 and February 23, 2015 respectively, on Scheme of Amalgamation of Mahindra Business & Consulting Services Private Limited (a wholly-owned subsidiary) with Mahindra & Mahindra Financial Services Limited ('the Company') and their respective Shareholders and Creditors under Sections 391 to 394 and other applicable provisions of the Companies Act, 1956, Mahindra & Mahindra Financial Services Ltd has now informed BSE that the Hon'ble High Court of Judicature at Bombay on March 20, 2015 has approved the Scheme of Amalgamation of Mahindra Business & Consulting Services Private Limited with the Company and their respective Shareholders and Creditors. The certified copy of this Order is yet to be received. The aforesaid Scheme will be effective once the Order of the High Court is filled with Registrar of Companies, Maharashtra, Mumbai. (As per BSE Announcement Dated on 24.03.2015) With reference to the earlier letter dated March 24, 2015 wherein the Company had intimated that the Hon'ble High Court of Judicature at Bombay on March 20, 2015 had approved the Scheme of Amalgamation of Mahindra Business & Consulting Services Private Limited ('MBCSPL') with the Company and their respective Shareholders and Creditors ('the Scheme') under Sections 391 to 394 and other applicable provisions of the Companies Act, 1956, Mahindra & Mahindra Financial Services Ltd has now informed BSE that the Certified True Copy of this Order sanctioning the Scheme from April 01, 2014 being the Appointed Date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai, on April 18, 2015. Thus, the Scheme has become effective from April 18, 2015, being the last of the dates, on which the said certified or authenticated copy of the Order sanctioning the Scheme passed by the aforesaid Hon'ble High Court of Judicature at Bombay has been filed with the Registrar of Companies Maharashtra, Mumbai. Accordingly, the amalgamation of MBCSPL with the Company under the provisions of Sections 391 to 394 and other applicable provisions under Companies Act, 1956, stands complete. (As Per BSE Announcement Dated on 20.04.2015)