IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.625 OF 2009 In the matter of the Companies Act, 1956 (1 of 1956); And In the matter of Sections 391 to 394 of the Companies Act, 1956; And In the matter of Scheme of Amalgamation between PANAM ENTERPRISES PRIVATE LIMITED AND EVERSHINE ALUMINIUM PRODUCTS PRIVATE LIMITED WITH SALCO EXTRUSIONS PRIVATE LIMITED SALCO EXTRUSIONS PRIVATE LIMITED ) Company incorporated under the Companies Act ) 1956 having its registered Office at “Shruti” ) Dattapada Road, Near S.B.I., ) Post Box No. 9711, Borivali (East) ) Mumbai 400 066. )… Applicant Called Summons for Directions Coram : A.M. Khanwilkar, J. Dated : 8th May, 2009 Mr. Sunil Kadam, Advocate for Applicant MINUTES OF THE ORDER UPON the Application of the Applicant abovenamed by a Summons for Direction AND UPON hearing Mr. Sunil Kadam, Advocate for Applicant AND UPON hearing the Affidavit dated 30th January 2009 Mr. Bruno D’Mello, Director of the Applicant Company in support of Summons for Direction and the Exhibits referred to therein, IT IS ORDERED : 1. That the holding and convening the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering and, if thought fit approving, with or without modification, the Scheme of Amalgamation between Panam Enterprises Private Limited and Evershine Aluminium Products (the Transferor Company) with Salco Extrusions Private Limited (the Transferee / Applicant Company) is dispensed with, in view of consents given by all Equity Shareholders of the Applicant Company and annexed herewith Summons for Directions, being Exhibits “I- 1” to “I-15” to the Affidavit in Support of Summons for Directions. 2. The holding and convening meetings of secured and unsecured creditors for the purpose of considering and, if thought fit approving, with or without modification, the Scheme of Amalgamation between Panam Enterprises Private Limited (the Transferor / Applicant Company), Evershine Aluminium Products Private Limited (the Transferor Company) with Salco Extrusions Private Limited (the Transferee) are dispensed with in view of averments made in para 2 & 3 of additional Affidavit dated 27th April, 2009. The sole secured creditor of the Applicant Company has given No Objection Certificate, which is annexed to the Affidavit in Support as Exhibit ‘M’. However the Applicant Company undertakes to serves individual notices to the unsecured creditors by RPAD. The said Undertaking is accepted. COMPANY JUDGE