Intensive Air Systems has received Bombay High Court’s approval on February 24, 2012 for the scheme of amalgamation of Yuvraaj Hygiene Industries with the company.
Upon the Scheme becoming effective, the transferee company will allot 69 equity shares of Re 1 each fully paid up for every 8 equity share of Re 1 each fully paid up held in the transferor company.
Further, the scheme of amalgamation will be effective upon filing of High Court order with the registrar of companies, Mumbai, Maharashtra.
Intensive Air Systems is engaged in the design, manufacture and supply of dust collection and industrial ventilation systems. The company manufactures industrial blowers, bag filters, cyclones, dust collectors, centrifugal fans, and other products which find application in the sheet metal fabrication business. It undertakes industrial ventilation projects on turnkey basis.