Datamatics Technologies Ltd has informed that pursuant to the Order dated August 29, 2008, a meeting of the Equity Shareholders of the Company will be held on September 30, 2008 for the purpose of considering and, if thought fit, approving, with or without modification(s), the Scheme of Arrangement (the Scheme) proposed under Section 391 to 394 read with Section 100 to 104 of the Companies Act, 1956, comprising of amalgamation of Sameer Microtronics Pvt. Ltd, Bellona Infotech Pvt. Ltd, Datamatics Ltd and Datamatics Intercon Ltd into Datamatics Technologies Ltd and demerger of Export Division of Datamatics Software Services Ltd into Datamatics Technologies Ltd. Further, the Scheme also provides for reduction in preference share capital of Datamatics Software Services Ltd. Lastly, for consolidation of domestic operations, the Scheme also provides for amalgamation of Datamatics Softworld Ltd and Datamatics Software Solutions Ltd into Datamatics Software Services Ltd [Without Export Division].
Further the Company has informed that, pursuant to the Order dated August 29, 2008, a meeting of the Sundry Creditors of the Company will be held on September 30, 2008 for the purpose of considering and, if thought fit, approving, with or without modification(s), the Scheme of Arrangement (the Scheme) proposed under section 391 to 394 read with section 100 to 104 of the Companies Act, 1956, comprising of merger of Bellona Infotech Pvt. Ltd, Sameer Microtronics Pvt. Ltd, Datamatics Ltd and Datamatics Intercon Ltd with the Applicant Company, demerger of the export division of Datamatics Software Services Ltd into the Applicant Company, reduction of the preference share capita of Datamatics Software Services Ltd post its demerger and merger of Datamatics Softworld Ltd and Datamatics Software Solutions Ltd into Datamatics Software Services Ltd post its demerger
Further the Company has informed that, pursuant to the Order dated August 29, 2008, a meeting of the Sundry Creditors of the Company will be held on September 30, 2008 for the purpose of considering and, if thought fit, approving, with or without modification(s), the Scheme of Arrangement (the Scheme) proposed under section 391 to 394 read with section 100 to 104 of the Companies Act, 1956, comprising of merger of Bellona Infotech Pvt. Ltd, Sameer Microtronics Pvt. Ltd, Datamatics Ltd and Datamatics Intercon Ltd with the Applicant Company, demerger of the export division of Datamatics Software Services Ltd into the Applicant Company, reduction of the preference share capita of Datamatics Software Services Ltd post its demerger and merger of Datamatics Softworld Ltd and Datamatics Software Solutions Ltd into Datamatics Software Services Ltd post its demerger
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