Aplab has received an approval for merger of Intel Instruments and Systems (IISL), a wholly owned subsidiary of the company with itself. The board at its meeting held on December 20, 2012, has considered and approved for the same. The scheme is subject to sanction of High Court of Judicature at Bombay.
Since IISL is a wholly owned subsidiary of Aplab, no shares would be issued pursuant to the scheme.
Aplab is recognized as a technology-driven professional company in business sectors like telecommunication, information technology, retail banking, retail fuel dispensing and power control & conditioning.