Shimoga Technologies has informed that the board of directors of the company at its meeting held on January 31, 2013, have taken note of the withdrawal of consent accorded by Smiths & Founders (India) for its merger with Shimoga Technologies consequent to direction of the Hon. BIFR for scaling down the capital reduction of the company from the proposed 90% to 60%.
The above information is a part of company’s filings submitted to BSE.