PCS Technology has informed that the Board of Directors of the company at their meeting held on 5th December, 2018 have reconsidered the matter in detail about financials of the company and other matters related thereto and then decided to withdraw the application for approval of the Scheme of Merger of Wholly Owned Subsidiary Companies (WOS)- PCS Positioning Systems (India) (Transferor Company No. 1) and PCS lnfotech (Transferor Company No. 2 ) with PCS Technology (Transferee Company) which was submitted to the Honorable National Company Law Tribunal, Mumbai bench on 22nd October, 2013.
The above information is a part of company’s filings submitted to BSE.
