Zylog Systems receives approval for draft Scheme of Arrangement

16 Apr 2015

Zylog Systems has received 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 Board of Directors of the Company at its meeting held on April 15, 2015 has approved for the same.

Zylog Systems, established in 1996, is an ISO 9001 certified provider of Onshore, Offshore & Near shore technology solutions and services to enterprises & technology companies across the globe.

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