Axis-IT&T Ltd has informed BSE regarding Outcome of Board Meeting held on January 23,2013 inter-alia has considered and approved the Scheme of Arrangement where Cades Digitech Private Limited (subsidiary) (Cades) will be merged with Axis-IT&T Limited (Axis),the resulting company. The Appointed date of the Scheme shall be April 01,2012.Axis shall issue shares to these shareholders of Cades as on the record date,based on the share exchange ratio as under: '10 ('Ten') fully paid up equity share of Rs. 5/- each of Axis for every 12 ('Twelve') fully paid up equity share of Rs. 10/- each held by the shareholders of Cades ' The Scheme of Arrangement is subject to the approval of the requisite majority of the shareholders and creditors of Axis and Cades,the Hon'ble Delhi High Court and Hon'ble Karnataka High Court and the permission and approval of any other statutory or Regulatory Authorities as applicable.Further the scheme would be effective only on receipt of all requisite approvals. Axis-IT&T Ltd has informed BSE that the Hon'ble Delhi High Court has approved the Scheme of Arrangement of Cades Digitech Private Limited and Axis-IT&T Limited and their respective shareholders ('Scheme') on March 07, 2014 without any modifications in the Scheme. The copy of the High Court Order would be received by Axis-IT&T Limited subsequently and the order would be dated accordingly. Post which, Axis-IT&T Ltd would file the same with the Registrar of Companies, New Delhi and make the Scheme effective. (As per BSE Announcement Dated on 07.03.2014) With reference to earlier announcement dated March 07, 2014, Axis-IT&T Ltd has now informed BSE that the Hon'ble High Court Delhi at New Delhi has approved the Scheme of Arrangement between Axis - IT&T Limited and Cades Digitech Private Limited and their Respective Shareholders, vide its Order dated March 10, 2014. The Certified Copy of which is dated March 22, 2014 and was received by the Company on the same date. The Hon'ble High Court of Karnataka had by its Order dated December 17, 2013 had sanctioned the captioned Scheme subject to the approval of the Hon'ble High Court, Delhi. The Company has filed the Certified Copy of the Order of the Hon'ble High Court of Delhi with the Registrar of Companies in Form No. 21 on March 24, 2014. (As Per BSE Announcement Dated on 25.03.2014) Axis-IT&T Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2014, has approved the allotment of 72,29,112 Equity shares of Axis-IT&T Ltd to the Shareholders (as on the record date) of Cades Digitech Pvt. Ltd. as per the below swap ratio in line with the High Court approved Scheme: '10 ('Tenö) fully paid up equity share of Rs. 5/- each of Axis-IT&T Ltd. shall be issued and allotted for every 12 ('Twelve') fully paid up equity share of Rs. 10/- each held in Cades Digitech Pvt. Ltd.' (As Per BSE Announcement Dated on 30.05.2014)