Note A
Pursuant to the scheme, the Company allotted 542,899 (674,360 - 131,461) equity shares to shareholders of Minihyd Hydraulics Limited in the ratio of 40 equity shares of Rs. 10/- each fully paid up for every 1 share of Rs. 100/- fully paid up each held by shareholders in that Company as at 1st April, 2016 being the appointed date for issue of equity shares by the Company. Being 131,461 shares already held by Minihyd Hydraulics Limited of the Company.
Note B
Ganpati Handtex Pvt. Ltd. is a wholly owned subsidiary of the company and hence, the entire share capital of the company is held by Cenlub Industries Limited. Upon the scheme of merger being effective, the entire share capital of the company shall stand cancelled/extinguished automatically.
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