(20-Jan-2010 Hours IST)
DCM Shriram Consolidated Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 20, 2010, inter alia, have approved in principle, the proposal of amalgamation of Shriram Bioseed Genetics India Ltd (100% subsidiary) into the Company w.e.f. April 01, 2009 and has constituted a Committee for effectuation of the proposed amalgamation. DCM Shriram Consolidated Ltd has informed BSE that in respect to proposed scheme of amalgamation of Shriram Bioseed Genetics India Ltd. ('the Transferor Company') with the DCM Shriram Consolidated Ltd ('the Transferee Company'), the Hon'ble High Court 0f Delhi, vide its Order dated March 17, 2010 has directed the Company to convene the meetings of its Equity Shareholders, Secured Creditors and Unsecured Creditors on April 20, 2010. Further, in terms of the said order, the requirement of convening meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors for Shriram Bioseed Genetics India Ltd. has been dispensed with. (As Per BSE Announcement Website dated on 22.03.2010) DCM Shriram Consolidated Ltd has informed BSE that the Hon'ble High Court of Delhi has approved the amalgamation of Shriram Bioseed Genetics India Ltd. (Transferor Company) with DCM Shriram Consolidated Ltd (Transferee Company) with effect from the appointed date i.e. April 01, 2009. (As Per BSE Announcement Website dated on 28.09.2010)
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