synergy and more focused operations, rationalization, standardization and simplification of business process and would help to achieve economies of scale through efficient utilization of resources and facilities as the companies concerned would be able to combine their resources, expand their activities, rationalize and streamline their management, business and finances as well as eliminate duplication of work to their common advantage. This in turn will enhance the share value for the benefit of the shareholders. Considering the above, the proposed amalgamation will enhance financial and growth prospects for the shareholders and organizations connected with the Company. The proposed Scheme of Amalgamation of the Transferor Companies and the Transferee Company is between the companies whose shareholding is closely held. Hence, the proposed Scheme of Amalgamation shall not prejudicially or adversely affect the interest of any person or the public at large. The interests of the existing employees of the Transferor Companies shall be protected with continuity of employment, better utilization of manpower and an opportunity for enhancement of technical knowledge and expertise being provided. The Plant & Machinery and other assets of the Transferor Companies which were underutilized shall be properly, gainfully and efficiently utilized and may be upgraded with new technology. The upgradation of the Plant & Machinery and the induction of new technology into the manufacturing unit would augment the asset base and thereby resulting in the optimal utilization of resources and greater revenue inflow. The proposed amalgamation of the companies will bring administrative and operational rationalization, organizational efficiencies and rationalization in economies of
