Hindoostan Mills has received a nod from the Registrar of Companies, Maharashtra, for extension of date up to December 30, 2014 to hold its annual general meeting, as the scheme of amalgamation of its subsidiary has been pending with the High Court of Mumbai. The board of directors on March 18 passed a resolution for the amalgamation of Hindoostan Technical Fabrics Ltd, a wholly owned subsidiary of the company, with itself. The appointed date for the proposed amalgamation is April 1, 2013. The petition has already been admitted by the High Court of Bombay and the date of final hearing fixed for September 19. Shares of Hindoostan Mills closed at ₹480, down 4.13 per cent on the BSE.

The board of directors of Pudumjee Industries on Monday constituted a committee comprising Vinod Kumar Jatia and RP Shroff (independent directors) and Gautam Jajodia, Executive Director, to ascertain the need to reorganise its corporate structure. The committee will also evaluate various alternatives and make appropriate recommendations in due course to the board of directors, for which purpose the board may meet again to consider the recommendations. Pudumjee’s shares edged down 4.3 per cent at ₹12.35 on the NSE.

The board of Prism Informatics has approved the allotment of 26.4 lakh equity shares of ₹1 each for the premium of ₹24 an equity share, arising on conversion of 6.6 lakh 2 per cent non-cumulative compulsorily convertible preference shares of ₹100 each. The stock of Prism Informatics jumped 9.73 per cent at ₹24.8 on the BSE.

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