With reference to the earlier annoucement dated June 19, 2009, Escorts Ltd has informed BSE that the meeting of the Equity Shareholders of the Company as directed by the Honble High Court of Punjab and Haryana at Chandigarh was convened on July 12, 2009.
Sh. R C Setia (Sr. Advocate, Punjab and Haryana High Court), Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Punjab and Haryana High Court dated May 15, 2009. The Scheme of Arrangement ("Scheme") was approved by requisite majority of the Equity Shareholders present either in person or by proxy or as authorized representatives, as per the Chairmans Report filed with the Honble High Court of Punjab & Haryana at Chandigarh on July 18, 2009.
The said Scheme shall now be presented for approval and consideration of the Honble High Court of Punjab and Haryana at Chandigarh.
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