Wednesday, February 21, 2007

Aurobindo Pharma Equity Shareholders Approve Scheme Of Arrangement

Aurobindo Pharma Ltd has informed that the equity shareholders of the Company at its Court Convened Meeting held on February 20, 2007, have approved the Scheme of Arrangement (the Scheme) for the merger of APL Life Sciences Ltd (APL Life) and Senor Organics Pvt Ltd (Senor), both being wholly owned subsidiaries of the Company, with the Company and the utilization of the Securities Premium account pursuant to the provision of Sections 391 to 394 read with Sections 78 and Sections 100 to 103 and other applicable provisions of the Companies Act, 1956 with the requisite majority.The appointed date of the Scheme of Arrangement is April 01, 2006.

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