Mastek Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 15, 2014, has approved the demerger of the Insurance Products and Services business of Mastek Limited ('Mastek') into Minefields Computers Private Limited, to be renamed as Majesco Limited ('Majesco') followed by transfer of the offshore insurance operations ('Offshore Insurance') by Majesco to Majesco Software and Solutions India Private Limited ('MSS India'), a wholly owned subsidiary of MajescoMastek Insurance Software and Solutions Inc. ('MM ISS') ('Proposed Restructuring') in terms of a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956 ('Scheme'). The Scheme of Arrangement will be subject to various statutory approvals, including those from the shareholders and the lenders / creditors of Mastek Limited. In this regard, the Company has issued a Press Release dated September 15, 2014 titled 'Mastek Limited to demerge its Insurance Products and Services Business into a separate listed company' Mastek Ltd has informed BSE regarding Outcome of Court Covnened Meeting of Equity Shareholders and Creditors of the Company held on March 05, 2015. Outcome of Court Convened Meeting of Equity Shareholders and Creditors of the Company. Scheme of Arrangement between Mastek Limited ('Mastek'), Minefields Computers Limited ('MCL') and Majesco Software and Solutions India Private Limited ('MSSIPL') and their respective shareholders and creditors ('the Scheme')- We wish to inform you that in accordance with the directions of the Hon'ble High Court of Gujarat in Company Summons for Direction No. 23 of 2015, meeting of the Equity Shareholders, Secured Creditors and Unsecured Creditors of Mastek Limited, to approve the Scheme, was convened and held on Thursday, March 05, 2015. (As Per BSE Announcement Dated on 09.03.2015) Mastek Ltd has informed BSE that the June 15, 2015 has been fixed as the Record Date for the purpose of determining the members of Mastek Limited to whom shares of the Minefields Computers Limited will be allotted in the ratio of 1:1 pursuant to Part II of the Scheme of Arrangement in terms of clause 11.1.1. SUB. :- Scheme of Arrangement of Mastek Ltd. (Scrip Code 523704) Trading Members of the Exchange are hereby informed that, Mastek Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by the Hon'ble High Courts of Bombay and Ahmedabad. COMPANY NAME CODE Mastek Ltd. (523704; 623704) RECORD DATE 15/06/2015 PURPOSE Scheme of Arrangement: - Upon the Scheme becoming effective, Minefields Computers Private Ltd shall in consideration of the demerger and transfer of Insurance Products and Service business, issue and allot shares credited as fully paid-up to the shareholders of Mastek Ltd. in the following proportion: 1 (ONE) fully paid up equity share of Rs.5/- of Minefields Computers Private Ltd. shall be issued and allotted for every 1 (ONE) fully paid up equity share of Rs.5/- each held in Mastek Ltd EX-ENTITLEMENT FROM DATE & SETT. NO 12/06/2015 DR-051/2015- 2016 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from B' group to T' group w.e.f. June 12, 2015 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on June 12, 2015. Subject to compliance with requisite formalities the resulting company i.e. Minefields Computers Private Limited (to be renamed as Majesco Ltd.) will be listed on BSE Limited . (As Per BSE Notice Dated on 08.06.2015)