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Coimbatore, Nov. 26 Aztecsoft Ltd has informed that pursuant to an order of the High Court of Karnataka, a separate meeting of shareholders and unsecured creditors of the company will be held on December 22 for the purpose of considering and if thought fit approving, with or without modification(s), the scheme of amalgamation proposed to be made between Aztecsoft Ltd (applicant company) and the shareholders, secured creditors and unsecured creditors of MindTree Ltd.

Ganesh Housing Corporation Ltd’s board of directors on November 26 approved an amendment in terms of buyback scheme deleting the maximum number of shares to be bought back by the company, which was earlier decided not to exceed 19,80,198 equity shares. After this amendment by the board, there will not be any limit on the maximum number of equity shares, which can be bought back by the company. Earlier the board had approved, at their meeting held on October 25, 2008, buy-back offer at a maximum price not exceeding Rs 101 a share for an aggregate amount not exceeding Rs 20 crore.

NEPC Textiles Ltd’s board of directors has resolved to issue and allot new shares at the ratio of 0.776932 equity share of Rs 10 each in lieu of every one equity share of Rs 10 each held by each member(s) of the company, so that the paid up capital is reduced from Rs 19,22,82,380 divided into 1,92,28,238 equity shares of Rs 10 each to Rs 14,93,90,380 divided into 1,49,39,038 equity shares of Rs 10 each.

Nelcast Ltd has said that due to low production of commercial vehicles and tractors, the demand for castings has come down substantially resulting in increased inventories and it has reduced production at both Gudur and Ponneri plants. This will continue till the demand picks up for commercial vehicle and tractors.

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