Indokem Ltd has informed that the Court convened meeting of equity shareholders of the Company held on April 08, 2008, the resolution for approval of the Scheme of Arrangement and Amalgamation of Sovereign Trading Enterprises Ltd, Tracklightning Finance And Investments Ltd and Royaltern Finance And Investments Ltd with the Company and their respective shareholders pursuant to Section 391 to 394 of the Companies Act, 1956 has been passed with the requisite majority. The said Scheme of Arrangement and Amalgamation is subject to the sanction of the Honble High Court of Judicature at Bombay.
Saturday, April 12, 2008
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