Shyam Software Industries Ltd has informed that the Honble High Court of Gujarat has sanctioned the Composite Scheme of Arrangement in the nature of Amalgamation of Majesty Agro Foods Pvt. Ltd. with Shyam Software Industries Ltd. and Reconstruction of Capital of Shyam Software Industries Ltd. vide Order dated July 07, 2008, therefore to implement the said sanctioned scheme the Board of Directors has decided to keep October 22, 2008 as Record Date, subject to sanction of Stock Exchange, to issue new shares of Face Value of Re 1/- each to effect the reduction of share capital and to issue new fresh equity shares of face value of Re 1/- each to the shareholders of Majesty Agro Foods Pvt. Ltd. (Transferor Company)
Friday, September 12, 2008
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