AXISCADES Engineering Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2015, inter-alia, has considered and approved the acquisition of AXISCADES Aerospace & Technologies Private Limited ('ACATL') by way of a Scheme of Amalgamation of India Aviation Training Institute Private Limited ('IAT') with AXISCADES Engineering Technologies Limited ('ACETL'). The Scheme of Amalgamation would be subject to the approval of the Jurisdictional High Court and any other statutory or regulatory authorities as applicable. AXISCADES Engineering Technologies Ltd has informed BSEregarding Outcome of the Court Convened Meeting (Shareholders & Unsecured Creditors) held on April 25, 2016. BSE Limited and the National Stock Exchange of India Limited (NSE) respectively, and relevant applicable provisions of law, the arrangement as embodied in the proposed Scheme of Amalgamation of India Aviation Training Institute Private Limited with AXISCADES Engineering Technologies Limited and their respective shareholders and creditors from the Appointed Date as defined in para 1.2 of Part A of the Scheme for the Amalgamation of India Aviation Training Institute Private Limited with the Applicant Company, be and is hereby approved xvith/without modifications and/or conditions, if any, as may be carried out by the Hon'ble High Court of Karnataka at Bengaluru (As per BSE Announcement dated on 25.04.2016) AXISCADES Engineering Technologies Ltd has informed BSE that the Hon'ble High Court of Karnataka has sanctioned the Scheme without any modifications and a copy of the Certified Order sanctioning the Scheme has been received by the Company on November 23, 2016. The Company will be taking necessary steps to give effect to the Certified Order. (As per BSE Announcement dated on 23.11.2016) AXISCADES Engineering Technologies Ltd has informed BSE that the Board of Directors of the Company have approved and fixed the record date as December 20, 2016 for ascertaining the eligible shareholders of India Aviation Training Institute Private Limited to issue and allot New Equity Shares of the Company to such shareholders as on the record date in accordance with the Scheme of Amalgamation. Thereby the Register of Members and Share Transfer Register of India Aviation Training Institute Private Limited shall remain closed for one day i.e. December 20, 2016. Further, the Company informed that the Scheme of Amalgamation between AXISCADES Engineering Technologies Limited and India Aviation Training Institute Private Limited and their Respective Shareholders ('Scheme') approved by the Hon'ble High Court of Karnataka has become effective on and from December 05, 2016. In accordance with clause 14 of the Scheme, India Aviation Training Institute Private Limited shall stand dissolved without winding-up and accordingly, AXISCADES Aerospace & Technologies Private Limited (hitherto a wholly-owned subsidiary of India Aviation Training Institute Private Limited) together with its subsidiaries, has become a wholly-owned subsidiary of the Company. (As Per BSE Announcement Dated on 09.12.2016) AXISCADES Engineering Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 30, 2016, has issued and allotted 1,05,69,937 (One Crore Five Lakhs Sixty Nine Thousand Nine Hundred and Thirty Seven Only) New Equity shares of the Company to the Shareholders (as on the record date i.e. December 20, 2016) of India Aviation Training Institute Private Limited as per the below mentioned swap ratio, approved in terms of the Scheme of Amalgamation sanctioned by the Hon'ble High Court of Karnataka: '10 ('Ten') fully paid-up equity share of Rs. 5/- each of Company shall be issued and allotted for every 45 ('Forty Five') fully paid up equity share of Rs. 10/- each held in India Aviation Training Institute Private Limited as on the record date (referred to as 'New Equity Shares')'. (As Per BSE Announcement Dated on 30.12.2016)