unlisted companies and lending inter corporate deposits and the Second Transferor Company is engaged in the business of electrical, engineers, electricians, contractors, manufacturers, constructors, suppliers, and dealers in electric and other appliances and carrying on investment activities in shares and securities and fixed deposits and the Third Transferor Company is engaged in the business of sales & purchase of shares and securities on behalf its clients and earning brokerage income and is also carrying on investment activities and the Transferee Company is presently not carrying on any operations and is in the process of setting up trading activities in all kinds and classes of Papers, board and pulp including writing Papers, printing Papers, absorbent. The proposed scheme will have benefits of combining all promoter holdings in Afour Papers Private Limited in a single entity, to create strong promoter holding company which is ready for fund raising in future, avoiding duplication of efforts, costs and resources, to create positive value for all stake holders who have continued to maintain their faith in the Management. Lesser regulatory/ procedural compliance resulting in cost saving in fees / duties payable on statutory compliances, creating optimal capital structure post arrangement and combining capital resources which would strengthen financial position of the amalgamated entity. The Petitioner Companies approved the said Scheme by passing the
