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)