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Ravindra Energy announced that the Board of Directors of the Company at its meeting held on 27 June 2014, inter alia, considered and approved the allotment of 121,476,000 Equity Shares of Rs 10 each in the Company, the Company being the Transferee Company, to the shareholders of the Transferor Company, in accordance with the share exchange ratio of 1:1, pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble High Court of Judicature at Bombay and the Hon'ble High Court of Karnataka at Bangalore, in the following manner:
a. 111,946,000 Equity Shares of Rs 10 each credited as fully paid up; and
b. 95,30,000 Equity Shares of Rs 10 each credited as partly paid up at Re 1 each.
The Board further noted, the Order passed by the Regional Director, Western Region, Mumbai, approving the alteration of the memorandum of association, for transfer of the registered office of the Company from the State of Maharashtra to the State of Karnataka.
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