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| Exchange Disseminated Time | | Karma Energy Ltd has informed BSE that in accordance with the Scheme of Amalgamation of Avirodh Financial Services Ltd. (AFSL or Transferor Company) with Karma Energy Ltd (KEL or Transferee Company) sanctioned by the Hon'ble Bombay High Court vide their order dated April 13, 2012, the Board of Directors of the Company at its meeting held on August 13, 2012 approved and allotted to the eligible members of Avirodh Financial Services Ltd. 5,561 (Five Thousand Five Hundred and Sixty One only) equity shares of Rs. 10/- each of the Company as fully paid up in the ratio of Eighteen (18) equity shares of the face value of Rs. 10/- (Rupees Ten only) each (credited as fully paid up) of the Company; for every one (1) equity shares of the face value of Rs. 10/- (Rupees Ten only) each held by the shareholders in Avirodh Financial Services Limited. |
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