In furtherance to the intimation dated 03.03.2025, Capricorn Systems Global Solutions has informed that the Board of Directors of the Company, at its Meeting held today, on 06.03.2025, has agreed in principle for the proposed Scheme of Amalgamation of Radical Bio-Organics (‘Transferor Company’) with Capricorn Systems Global Solutions (the company) (Transferee Company) and their respective Shareholders and Creditors (‘Scheme’). Although the initial meeting was convened to consider the Scheme, certain critical issues arose that necessitated further discussion and approval, specifically the proposal to issue Warrants etc., and thus it has been decided to reconvene a meeting to approve the Scheme, Preferential Issue and other related matters. No business item was approved by the Board and hence no information is provided in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dt. November 11, 2024. The Board Meeting commenced at 11.00 am and concluded at 13.30 pm.
The above information is a part of company’s filings submitted to BSE.
