Forbes and Company Limited has informed that pursuant to the Order dated April 23, 2009 of Honble High Court of Judicature at Bombay, a meeting of the Equity Shareholders of the Company was held on May 26, 2009 for the purpose of considering the Scheme of Arrangement between Volkart Fleming Shipping and Services Limited and Forbes and Company Limited and their respective equity shareholders and Creditors for the demerger and transfer of Shipping Agency Division of Volkart Fleming Shipping and Services Limited into Forbes and Company Limited.
The Equity Shareholders of Forbes and Company Limited approved the said Scheme with overwhelming majority being 100% by number of equity shareholders present in person or by proxy and 100% by value of equity shares held by the equity shareholders present in person or by proxy.
With this, the said Scheme shall now be presented for approval and consideration of the Honble High Court of Judicature at Bombay.
The Equity Shareholders of Forbes and Company Limited approved the said Scheme with overwhelming majority being 100% by number of equity shareholders present in person or by proxy and 100% by value of equity shares held by the equity shareholders present in person or by proxy.
With this, the said Scheme shall now be presented for approval and consideration of the Honble High Court of Judicature at Bombay.
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