Skip to main content

Scheme of Arrangement & Amalgamation between Geometric, HCL and 3D PLM becomes effective

Geometric is pleased to announce that the Scheme of Arrangement & Amalgamation between Geometric, HCL Technologies Limited (“HCL”) and 3D PLM Software Solutions Limited (“3D PLM”) has become effective on March 2, 2017.  Under the transaction the entire business of Geometric has been transferred to HCL.  Simultaneously Geometric has been merged into 3D PLM. 

Below is the extract of the communication sent to BSE Limited and National Stock Exchange of India Limited in this regard on March 2, 2017:

1.              This has reference to our previous communications for the composite scheme of arrangement and amalgamation among Geometric Limited ("Company" or "Geometric"), HCL Technologies Limited (“HCL”) and 3DPLM Software Solutions Limited (“3D PLM”) and their respective shareholders and creditors ("Scheme") under Sections 391 to 394, read with Section 100 and other applicable provisions of the Companies Act, 1956 and Companies Act, 2013 and in furtherance to our previous letter dated March 1, 2017, where we informed you that the Company is in the process of finalizing the effective date and the record date.

2.              The Company has fixed March 15, 2017 as the record date for determining the shareholders of the Company to whom shares of HCL and 3D PLM will be allotted pursuant to Clause 14 and 23 of the Scheme.

3.              The Company has filed on March 2, 2017 e-form INC 28 with the Ministry of Corporate Affairs.

4.              Accordingly the Scheme has come into effect from March 2, 2017, the appointed date being the opening hours of business on March 31, 2016 (“Appointed Date”).

5.              Pursuant thereto, in accordance with the terms of the Scheme, the Company has amalgamated with 3D PLM with effect from the Appointed Date and is dissolved without winding up.

6.              In accordance with Clause 14 of the Scheme, all shareholders who hold shares of the Company on the record date i.e. March 15, 2017, will be allotted listed equity shares of HCL as consideration.

7.              In accordance with Clause 23 of the Scheme, non – resident shareholders who hold shares of the Company as on March 15, 2017 i.e. the record date, will be allotted unlisted equity shares of 3D PLM and resident shareholders who hold shares of the Company as on March 15, 2017 i.e. the record date, will be allotted redeemable preference shares of 3D PLM as consideration.  3D PLM has made an application in relation to listing of the redeemable preference shares for which approval is pending as on date.

8.              Further, shareholders may reach out to the following for any questions or queries which they may have in relation to the Scheme -

Popular posts from this blog

Radisson Blu Hotel, Dubai Improves Guest Wi-Fi Coverage and Performance with Aruba Wireless Solutions

Radisson Blu Hotel, in Al Sufouh at Dubai Media City has recently deployed wireless infrastructure from Aruba, a Hewlett Packard Enterprise Company, to deliver secure, seamless, high-speed, wireless internet connectivity across its hotel rooms, suites and public areas. The implementation has resulted in improvement in rating of Wi-Fi services and drastic reduction in volume of IT help desk calls, besides the fact that the design of the Access Points (APs) blends seamlessly with the hotel aesthetics and AP management, monitoring and troubleshooting has become centralized and simplified. launches “Smart Living Store”

How would it be if you could stream online videos or browse websites on your TV? How about a device that could measure your level of activity throughout the day? How would it be if a device helps keep your home secure? With the Smart Living Store you can find out! announces the launch of “Smart Living Store” - a dedicated store aimed at providing customers the one stop shop for all smart devices across various product categories.

Pi DATACENTERS Achieves Uptime Institute Tier IV Design Certification

Pi DATACENTERS, India, an enterprise class datacenter and Cloud service provider based at Amaravati, the new capital region of Andhra Pradesh, today announced that the company has been awarded Uptime Institute Tier IV Design Certification, achieving the highest standards for infrastructure, functionality and capacity as demonstrated on the design documents. To earn a Tier Certification of Design Documents, a facility is evaluated on mechanical, electrical, structural and site elements, and certified facilities also receive expert recommendations to enhance Operational Stability over the long-term.
“We are pleased to award Pi DATACENTERS with the Uptime Institute Tier IV Design Certification,” said John Duffin, Managing Director, South Asia, Uptime Institute. “Achieving a Tier IV Fault Tolerant Design Certification illustrates that the facility meets the highest standards for infrastructure functionality and capacity as demonstrated on the design documents. This ensures that plans are…