IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 182 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 VERSATILE CHEMICALS LIMITED, a company incorporated under the Companies Act, 1956 having its Registered Office at Plot No. D-152, 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, Transferor Company” with VERSATILE CHEMICALS LIMITED, “the Applicant / 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 “F-1” to “F-10” to the affidavit in support of the Summons for Direction. 2. That the convening and holding the meeting of the Secured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of OLEO FORMULATIONS PRIVATE LIMITED, Transferor Company” with VERSATILE CHEMICALS LIMITED, “the Applicant / the Transferee Company is dispensed with in view of the averments made in paragraph 15 of the affidavit in support of the Summons for Directions. The Applicant undertakes to give individual notice of the date of hearing of the Petition by Registered Post A. D. to its all Secured Creditors and also to publish the same in the Indian Express in English and Lokmat in Marathi, both having circulation in Dhule. The said undertaking is accepted. 3. That the convening and holding of the meeting of the Unsecured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of 2 OLEO FORMULATIONS PRIVATE LIMITED, Transferor Company” with VERSATILE CHEMICALS LIMITED, “the Applicant / the Transferee Company is dispensed with in view of the averment made in paragraph 16 of the Affidavit in support of the Summons for Directions. The Applicant undertakes to give individual notice of date of hearing of Petition by Registered Post A. D. to its all Unsecured Creditors and also to publish the same in India Express, in English and Lokmat, in Marathi both having circulation in Dhule. The said undertaking is accepted. (S. J. Kathawalla, J) 3