Integra India Group Company has received an approval for amalgamation of the company into Integra Engineering India with effect from the appointed date January 01, 2011. The company has received an approval at its board meeting held on July 25, 2011. The proposed amalgamation also envisages reduction of the face value of equity shares of Integra Engineering India to be reduced from Rs 10 to Rs 1 per Share. The number of issued and subscribed equity shares of Integra Engineering India after reduction of capital, will remain the same at 1,93,95,196 equity shares but of a face value of Re 1 per share.
Further, the SWAP ratio for the proposed merger has been recommended, pursuant to valuation done by SSPA & Co., Chartered Accountants, Mumbai, in the ratio of 27 equity shares of Integra Engineering India to be issued for every 2 equity shares held in Integra India Group Company.
Integra India Group Company, earlier known as Integra Hindustan Control is a frontrunner in delivering products and systems on-time and also committed to customer satisfaction through continual improvement of products and systems. The company pursues business related to railway infrastructure industry and is one of the leading manufacturers and suppliers of Railway signalling equipment to Indian Railways.