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Footwear maker Mirza International has informed the BSE that its Board of Directors at its meeting held on February 18, considered and approved the Scheme of Amalgamation of Genesis Footwear Enterprises Private Ltd (the transferor company) with Mirza International (the transferee company), as approved by the Hon’ble Allahabad High Court vide its order dated December 15, 2015. The Board allotted one crore fifty six lakh fully paid-up equity shares of ₹2 each and one crore twenty lakh fully paid-up zero per cent Compulsory Convertible Preference Shares of ₹2 each to the shareholders of the transferor company. The Board also noted that the account of Genesis Footwear Enterprises Private Ltd will be amalgamated with that of Mirza International with effect from April 1, 2015.
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