National General Industries Ltd has informed BSE that at the direction of Hon’ble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of Scheme of Amalgamation of Modi Metal Udyog Pvt Ltd with National General Industries Ltd.
In the aforesaid High Court convened shareholders meeting, all the shareholders present in person / proxies, representing 32,83,855 nos. of equity shares of Rs 10/- each held by them has voted in favour of the Scheme of Amalgamation.
In view of the above, the Scheme of Amalgamation was declared by the Chairman of the meeting as approved by the equity shareholders of the Company with the requisite majority.
Source: Bseindia.com