IN RE Vs. DSR INFOTECH LIMITED AND ORS

JUDGEMENT

(1.) The Counsel for the Applicant Companies states that the present Scheme is a Scheme of Arrangement between DSR Infotech Limited and M.J. Pharmaceuticals Private Limited and Suraksha Realty Limited and Katalyst Software Services Private Limited and their respective shareholders. The Scheme involves transfer of the demerger of the BPO Undertakings of the Demerged Companies by way of a demerger of business on a going concern basis for consideration being discharged by way of issue of shares of the Resulting Company to the shareholders of the Demerged Companies.

(2.) The Rational of the Scheme is that:-

(3.) That the meeting of the Equity Shareholders of the First Applicant Company be convened and held at Sun Lounge, Ground Floor (Right Wing), One Earth, opposite Magarpatta City, Hadapsar, Pune - 411028 on 8th day of August, 2017 at 4:00 p.m. for the purpose of considering and, if thought fit, approving with or without modification(s) Scheme of Arrangement between DSR Infotech Limited and M.J. Pharmaceuticals Private Limited and Suraksha Realty Limited and Katalyst Software Services Private Limited and their respective shareholders.