Himachal Futuristic Communications Amalgamation Announcements

Himachal Futuristic Communications Ltd has informed BSE that the Equity Shareholders, Preference Shareholders, Secured Creditors and Unsecured Creditors of the Company have approved the Composite Scheme of Arrangement and Amalgamation of Sunvision Engineering Company Pvt Ltd its Shareholders and Optionally Convertible Debenture Holders into Himachal... expand.Himachal Futuristic Communications Ltd has informed BSE that the Equity Shareholders, Preference Shareholders, Secured Creditors and Unsecured Creditors of the Company have approved the Composite Scheme of Arrangement and Amalgamation of Sunvision Engineering Company Pvt Ltd its Shareholders and Optionally Convertible Debenture Holders into Himachal Futuristic Communications Ltd and its Shareholders with requisite majority as required under Section 391 to 394 of the Companies Act, 1956 at their respective meeting held on November 26, 2010 at Mushroom Centre, Chambaghat, Solan, Himachal Pradesh, pursuant to directions given by the Honble High Court of Himachal Pradesh vide its Order dated October 22, 2010 in Company Petition No. 12 of 2010