|Radix Industries (India) Ltd has informed BSE that by an order made on the August 17, 2011 the Hon'ble High Court of Andhra Pradesh at Hyderabad has directed that the meeting of the shareholders of M/s. Radix Industries (India) Limited, be held at Door No. 4-243, Chivatam, Near NH-5 Road, Tanuku - 534211, on September 24, 2011 at 11.00 AM for the purpose of considering and, if thought fit, approving, with or without modification(s) the Composite Scheme of Arrangement between M/s. Radix Industries (India) Limited and its Shareholders and its Unsecured Creditors.
Radix Industries (India) Ltd has informed BSE that the shareholders of the Company in the court convened meeting held on September 24, 2011, have unanimously approved the Scheme of Arrangement with members and un secured creditors as declared by Sri. P. Prabhaker Rao, Advocate, the Chairman of the meeting appointed by the Hon'ble High Court of Andhra Pradesh, Hyderabad.
(As Per BSE Announcement Dated on 26.09.2011)