(25-Jul-2008 Hours IST)
Cummins India Ltd has informed BSE that the Shareholders of the Company at their General Meeting (court convened) held on July 24, 2008, have approved the Scheme of Amalgamation of Cummins Sales and Service India Ltd (CSS) and Cummins Auto Services Ltd (CASL) with the Company in accordance with Section 391 (2) of the Companies Act, 1956. Cummins India Ltd has informed BSE that the Hon'ble Bombay High Court vide its order dated March 20, 2009, has approved the Scheme of amalgamation of Cummins Sales and Service India Ltd (CSS) and Cummins Auto Services Ltd (CASL), wholly Owned subsidiaries of Cummins India Ltd (CIL) into CIL, Appointed Date being April 01, 2008. The Certified Copy of the said Order has been received on March 30, 2009 and the same has been filed with the Registrar of Companies, Maharashtra, Pune, on April 01, 2009. Therefore, in terms of the Scheme approved by the Hon'ble Bombay High Court CSS and CASL stand amalgamated into CIL on April 01, 2009. Further the Company has informed that in terms of the Scheme of Amalgamation approved by the Hon'ble Bombay High Court, CIL is not required, to issue / allot any shares to the shareholders of CSS and CASL, being wholly owned subsidiaries of CIL. (As Per BSE Announcement Website dated on 01.04.2009)
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