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Ashco Industries equity shareholders & unsecured creditors to approve Scheme of Amalgamation

Ashco Industries Ltd has informed BSE that pursuant to an Order made on February 22, 2008, the Hon’ble High Court of Judicature at Bombay has directed that, separate meetings of the Equity Shareholders & Unsecured Creditors of the Company will be held on March 24, 2008, for the purpose of considering, and it thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation of Niulab Equipment Company Pvt Ltd (the Transferor Company) with Ltd, (Applicant / Transferee Company).

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