National General Industries Limited has informed that at the direction of Honble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of Scheme of Amalgamation of Modi Metal Udyog Pvt Limited with National General Industries Limited.
In the aforesaid High Court convened equity shareholders meeting, all the equity shareholders present in person/proxies, representing 32,83,855 nos. of equity shares of Rs 10/- each held by them has voted in favour of the Scheme of Amalgamation.
In view of the above, the Scheme of Amalgamation was declared by the Chairman of the meeting as approved by the equity shareholders of the Company with the requisite majority.
In the aforesaid High Court convened equity shareholders meeting, all the equity shareholders present in person/proxies, representing 32,83,855 nos. of equity shares of Rs 10/- each held by them has voted in favour of the Scheme of Amalgamation.
In view of the above, the Scheme of Amalgamation was declared by the Chairman of the meeting as approved by the equity shareholders of the Company with the requisite majority.
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