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| Exchange Disseminated Time | PCS Technology Ltd has informed BSE that the Hon'ble Bombay High Court has vide order dated May 08, 2015 sanctioned the Scheme of Amalgamation and Arrangement between PCS International Limited, Mauritius and PCS Technology Limited and their respective Shareholders under sections 391 To 394 read with section 100 to 103 of’ the Companies Act, 1956 and Section 52 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 1956 and the Companies Act, 2013 ("The Scheme")
Since the Transferor Company is wholly owned subsidiary of the Company, no equity shares of the Company shall be issued pursuant to the Scheme. |
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