Pursuant to the order dated 27 June 2007 passed by Hon'ble High Court of Judicature of Madras, approving the scheme of arrangement (de-merger), approval is granted to the allotment of 441 equity shares of the company of face value Rs 10 for every 100 shares of the face value of Rs 100 held by the shareholders of Numeric Electronics in their company as on 10 September 2007.
This was resolved at the committee meeting held on 12 September 2007.