THE HON'BLE MR JUSTICE G.V.SEETHAPATHY COMPANY APPLICATION No :326 of 2010 DATED:16-06-2010 ORDER: This application under Sections 391 to 394 of the Companies Act, 1956 is filed seeking the following reliefs: i) To direct that the meeting of the equity shareholders shall be convened and held at Ayyanas Viri, Door No.8-3-678/68B, Pragathinagar, Yousafguda, Hyderabad-500 045 on Saturday, the 29th May 2010 at 9.00 a.m. (Morning) for the purpose of considering the proposed Scheme of Arrangement; ii) To appoint a Chairman for the meeting of the equity shareholders; iii) To permit the Chairman to issue advertisement in two daily newspapers being “The Business Standard” Hyderabad edition in English and ‘Andhra Bhoomi’ Hyderabad edition in Telugu giving notice for convening of the meeting; iv) To direct the Chairman of the meeting to send notices of the meeting together with copy of Scheme of Arrangement to the holders of the fully paid equity shares; v) To determine the quorum for the meeting of the equity shareholders; vi) To dispense with the convening and holding of the meeting of the preference shareholder of the Applicant Company; vii) To pass such other directions as this Hon’ble Court may deem fit and proper in the circumstances of the case. 2. When the matter came up for consideration on 27-04-2010, Sri T.C.Krishna, learned Advocate, was appointed as Chairman for conducting the meeting of the equity shareholders. The Chairman, after issuing the necessary publication of notices of the meeting in ‘Business Standard’ English Daily newspaper and ‘Andhra Bhoomi’ Telugu Daily newspaper and also by serving the notices, conducted the meeting on 29-05- 2010 at 9.00 a.m. and filed his report and in the said report it is stated that the meeting was attended, either personally or by proxy by twelve equity shareholders of the company, entitled together to 4866951 equity shares of Rs.10/- each aggregating to Rs.4,86,69,510/- (rupees four crores eighty six lakhs sixty nine thousand and five hundred and ten only) and that the salient features of the arrangement were read out and explained to them and all the shareholders unanimously voted in favour of the proposed arrangement, embodied in the ‘Scheme of Arrangement’, and the same was adopted and carried into effect. 3. In view of the report of the Chairman of the meeting, it is considered that the petitioner company can be permitted to file petition seeking implementation of the ‘Scheme of Arrangement’. 4. Accordingly, the present application is ordered. _______________________ G.V.SEETHAPATHY,J 16th June, 2010. Tsy