ASIANELEC

Asian Electronics Ltd had informed the Exchange regarding approval of amalgamation / merger of Green Hydrocarbons India Pvt. Ltd. with the Company and the Operations Division of U.S. Instruments Pvt. Ltd. with the Company and had appointed M/s. Thingna & Contractor, Chartered Accountant, as valuers to determine the Swap Ratio. Now, the Company has informed the Exchange that "The Board of Directors at its meeting held on 10th August, 2007 are pleased to announce the Swap Ratio as follows: a) For every 1 equity Share of Re. 1/- each of Green Hydrocarbons India Pvt. Ltd., the shareholders of Gree

Asian Electronics Ltd has informed the Exchange that 1) The Board of Directors, at their meeting held on July 05, 2007, has approved the takeover of Green Hydrocarbons India Pvt. Ltd. engaged in the business of "waste to energy" and Operation Division of U.S. Instruments Pvt. Ltd. under a Scheme of Arrangement pursuant to Section 391 to 394 of the Companies Act, 1956. The Board has appointed M/s. Thingna & Contractor, Chartered Accountants as the valuers to determine the swap ratio for amalgamation. The Board has also appointed Mott MacDonald as the technical expert for the purpose of assistin

Asian Electronics Ltd had informed the Exchange that at the meeting held on June 29, 2005, the scheme of arrangement between Asian Raymold Lighting Pvt. Ltd. and Asian Electronics Ltd. relating to the takeover of its lighting division undertaking has been approved subject to necessary sanction of the High Court. The company has now informed the Exchange that: "The Scheme of Arrangement between Asian Raymold Lighting Pvt. Ltd. and Asian Electronics Ltd. relating to the takeover of its Lighting Division undertaking has been approved by both, High Court of judicature at Bombay and High Court of j

Asian Electronics Ltd has informed the Exchange that "The Scheme of Arrangement for takeover of lighting division of Asian Raymold Lighting Pvt. Ltd. (ARLPL) as going concern w.e.f. 1-4-2005 by Asian Electronics Limited has been approved by the Board of Directors of both the Companies subject to all requisite approvals".