Corporate News     22-Oct-12
VMF Softech to reduce paid-up share capital
By reducing the par value of equity shares
The board of VMF Softech at its meeting held on 19 October 2012 has considered and noted the final court order passed by Hon'ble High Court of AP with regard to scheme of arrangement.

The board has also authorized Niranjan Chintam and Krishna Chintam, to do all such other acts in implementing the scheme, including reduction of paid-up share capital from Rs 92391000 to Rs 46195500 by reducing the par value of equity shares from Rs 10 to Rs 5 each, amalgamation of Tekriti Software with the company and inconsideration thereof to issue 26250000 equity shares of Rs 5 each of the company to the share holders of Tekriti Software and to change the name of the company to Kellton Tech Solutions, and the company is in the process of completing other formalities with ROC, in obtaining new certificate of incorporation.

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