IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 181 OF 2010. In the matter of the Companies Act 1 of 1956); AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of the Scheme of Amalgamation of OLEO FORMULATIONS PRIVATE LIMITED with VERSATILE CHEMICALS LIMITED OLEO FORMULATIONS PRIVATE LIMITED, a company incorporated under the Companies Act, 1956 having its Registered Office at Plot No. D-70, Additional Industrial Area, Avadhan, MIDC, Dhule - 424006. ) ) ) ) ) …Applicant Company. Called for Summons for Direction Coram: S. J. Kathawalla, J Date: 19th March, 2010 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., Advocate for the Applicant MINUTES OF THE ORDER UPON the application of the Applicant Company abovenamed by a Summons for Directions AND UPON HEARING M/s. Rajesh Shah instructed by Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 8th day of March, 2010 of Mrs. Akanksha Mota, Authorised Signatory of the Applicant Company, in support of the Summons for Directions IT IS ORDERED:- 1 1. That the convening and holding the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of OLEO FORMULATIONS PRIVATE LIMITED, “the Applicant / Transferor Company” with VERSATILE CHEMICALS LIMITED, the Transferee Company is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits “B-1” to “B-4” to the affidavit in support of the Summons for Direction. 2. There are no Secured Creditors of the Applicant Company as mentioned in paragraph 15 of the Affidavit in support of Summons for Directions, hence, the question of convening and holding the meeting of Secured Creditors does not arise. 3. That the convening and holding the meeting of the Unsecured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of OLEO FORMULATIONS PRIVATE LIMITED, “the Applicant / Transferor Company” with VERSATILE CHEMICALS LIMITED, the Transferee Company is dispensed with in view of the consents given by all the Unsecured Creditors of the Applicant Company, which are annexed as Exhibits “C-1” to “C-9” to the affidavit in support of the Summons for Direction. (S. J. Kathawalla, J) 2