Tuesday, September 23, 2008

Cadila Healthcare Equity Shareholders - Sep 23, 2008

Cadila Healthcare Ltd has informed that the meeting of the Equity Shareholders and Unsecured Creditors of the Company as directed by the Honble High Court of Gujarat at
Ahmedabad was held on September 18, 2008.

Mr. Mukesh M Patel, Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Gujarat High Court dated August 13, 2008. The Composite Scheme of Arrangement between Carnation Nutra-Analogue Foods Ltd and Cadila Healthcare Ltd and Zydus Hospitals and Medical Research Pvt Ltd and their respective shareholders and creditors (Composite Scheme) was approved by the requisite majority of the Equity Shareholders and by unanimous consent of Unsecured Creditors present and voting either in person or by proxy or as authorized representatives.

The said Composite Scheme shall now be presented for approval and consideration of the Honble High Court of Gujarat at Ahmedabad

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