Alembic Glass shareholders meet to consider amalgamation

Alembic Glass Industries Ltd. informed The Bombay Stock Exchange Limited (BSE) that a shareholders meeting has been scheduled for 17 April 2006 pursuant to the order of the Honorable High Court of Guj…

Alembic Glass Industries Ltd. informed The Bombay Stock Exchange Limited (BSE) that a shareholders meeting has been scheduled for 17 April 2006 pursuant to the order of the Honorable High Court of Gujarat at Ahmedabad. The purpose of the meeting is to consider the amalgamation of Shreno Ltd. with Alembic Glass Industries. Shareholders will have the opportunity to vote on approval of the amalgamation scheme with or without modifications. Following the amalgamation, Alembic Glass will be delisted from the stock exchange. Alembic Glass Industries and Shreno Ltd. are subsidiaries of Alembic Ltd., which has decided on the amalgamation and delisting in order to insulate its shareholders from impending liabilities at Alembic Glass.