Zylog Systems informs about outcome of Board Meeting

Zylog Systems has informed that the Board of Directors of the Company at its meeting held on April 15, 2015 has approved the draft Scheme of Arrangement U/s 391-394 of the Companies Act, 1956, proposal to be made with the Secured Creditors / Banks and Financial Institutions, subject to the approval of the Stock Exchanges, Honorable High Court, Madras and Offices of the Official Liquidator, Chennai.

The above information is a part of company’s filings submitted to BSE.