Maxwell Industries Updates on Amalgamation

Maxwell Industries Ltd has announced that the Company has made application to the Hon'ble High Court of Bombay for the merger of Lovable Lingerie Pvt Ltd and Microtex India Ltd with the Company w.e.f. October 01, 2005 & April 01, 2006 respectively.

As the merger is pending with the Hon'ble High Court of Bombay, the accounts of the Company could not be finalised. The Company has thus applied to the Registrar of Companies, Maharashtra on September 18, 2007 for the extension of time for holding its ensuing Seventeenth Annual General Meeting for the Financial Year ended March 31, 2007, upto December 30, 2007.

Please note that the last Annual General Meeting of the Company for the Financial Year ended on March 31, 2006 was held on September 25, 2006.

Source : Equity Bulls

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