IN RE Vs. BALAJI AMINES LIMITED AND ORS

JUDGEMENT

(1.) The Counsel of the Applicant Companies submits that the Scheme of Amalgamation provides for amalgamation of Bhagyanagar Chemicals Limited (First Transferor Company) and Balaji Greentech Products Limited (Second Transferor Company) with Balaji Amines Limited (Transferee Company) pursuant to the provisions of sections 230 to 232 of the Companies Act 2013.

(2.) The Counsel of the Applicant Companies further submits that the Board of Directors of the Companies involved in the Scheme believe that the amalgamation of the Transferor Companies with Transferee Company would inter alia have the following benefits:

(3.) A meeting of the Equity Shareholders of the Transferee Company be held on Tuesday, the 25th day of October, 2017, at 03:30 PM, at the registered office of the Transferee Company situated at Balaji Towers, No. 9/1A/1, Hotgi Road, Aasara Chowk, Solapur, Maharashtra - 413224, India, for consideration and approval of the proposed Scheme of Amalgamation. The quorum of the aforesaid meeting shall be as mentioned under Section 103 of the Companies Act, 2013. Mr. Gaddam Hemanth Reddy, director and authorized representative of the Company failing him Mr. D. Ram Reddy, director and authorized representative of the Company is appointed as Chairperson and Mr. Lokesh Agarwal, Practising Company Secretary, as Scrutinizer for the meeting of the Equity Shareholders of the Transferee Company.