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| Exchange Disseminated Time | BF Utilities Ltd has informed BSE that by an Order made on the October 09, 2009, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of BF Utilities Ltd, (the Applicant Company) will be held on November 21, 2009, inter alia, to :
1. Consider and, if thought fit, approve with or without modification(s), the proposed arrangement embodied in the Scheme of Arrangement between Bhalchandra Investment Ltd ("First Amalgamating Company") and Forge Investment Ltd ("Second Amalgamating Company") and Mundhwa Investment Ltd ("Third Amalgamating Company") and Jalakumbhi Investment and Finance Ltd ("Fourth Amalgamating Company") and Jalakamal Investment and Finance Ltd ("Fifth Amalgamating Company") and Kalyani Utilities Development Ltd ("Sixth Amalgamating Company") and BF Utilities Ltd ("Amalgamated Company" / "Demerged Company") and BF Investment Ltd ("Resulting Company") and their Respective Shareholders ("Scheme").
2 Consider and, if thought fit, approve with or without modification(s), the following resolution as a Special Resolution :
- Cancellation and reduction of the Capital Reserve Account and the Amalgamation Adjustment Account of the Amalgamated Company / Demerged Company ("BF Utilities Ltd") as provided in Clause 14.1.2 and 15.1 of the Scheme, as a part of the Scheme under Section 391 to 394 of the Companies Act, 1956, pursuant to provisions of Section 100 and other applicable provisions, if any, of the Companies Act, 1956 and Article 9 of the Articles of Association of the Company and subject to sanction by the Honourable High Court of Judicature at Bombay of the Scheme of Arrangement presented to that Court under Company Application No. 1064 of 2009 for Arrangement between Bhalchandra Investment Ltd ("First Amalgamating Company") and Forge Investment Ltd ("Second Amalgamating Company") and Mundhwa Investment Ltd ("Third Amalgamating Company") and Jalakumbhi Investment and Finance Ltd ("Fourth Amalgamating Company") and Jalakamal Investment and Finance Ltd ("Fifth Amalgamating Company") and Kalyani Utilities Development Ltd ("Sixth Amalgamating Company") and BF Utilities Ltd ("Amalgamated Company" / "Demerged Company") and BF Investment Limited ("Resulting Company") and their Respective Shareholders, ("Scheme"). |
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