THE HON'BLE MR JUSTICE G.V.SEETHAPATHY COMPANY APPLICATION No :348 of 2010 DATED:29-06-2010 ORDER: This application under Section 391 read with Section 100 of the Companies Act, 1956 is filed seeking appointment of a Chairperson to convene the meeting of the equity shareholders of the applicant company for the purpose of considering the proposed scheme of arrangement. 2. This Court by order, dated 30-04-2010, appointed Ms.Vanga Anita (1124), practicing advocate, as a Chairperson to convene the meeting. The Chairperson filed a report together with the certified copy of the resolution on 24-06-2010, wherein it is stated that the meeting of the equity shareholders was held on 05-06-2010 at Plot No.118, Journalist Colony, Jubilee Hills, Hyderabad, after serving individual notices upon the shareholders and also issuing public notice by way of advertisement in the ‘Business Standard’ English daily and ‘Andhra Bhoomi’ Telugu daily newspapers of Hyderabad Editions. 3. In the report, it is stated that the meeting was attended either personally or by proxy by sixty nine equity shareholders of the company entitled together to 10,39,500 equity shares of Rs.10/- each aggregating to a value of Rs.1,03,95,000/-/. It is also stated that the scheme of arrangement was read out and explained by the Chairperson and all the shareholders who attended in person or by proxy approved the same unanimously and passed a resolution as under: “RESOLVED THAT Scheme of Arrangement under Section 391 read with Section 100 of the Companies Act, 1956, as circulated to the shareholders along with notice and Explanatory statement under Section 393 of the Companies Act, 1956, dated 5th May, 2010, be and is hereby approved”. “FURTHER RESOLVED THAT the Board of Directors of the Company be and is hereby authorized to amend/alter the said scheme of arrangement as may be directed by Bombay Stock Exchange and or other Authorities, while approving the said scheme”. 4. None of the shareholders present in person or by proxy at the meeting voted against the proposed scheme of arrangement, being adopted and carried into effect. 5. In the circumstances, the report of the Chairperson as to the resolution of the meeting of the shareholders is taken on record. 6. Accordingly, this application is closed. _______________________ G.V.SEETHAPATHY,J 29th June, 2010. Tsy