Ay =) -BANSWARA BsLsecns 224 Api a6 ise timited Nationa sok chang fn La sting Dept Lining Dpertnent Foor Towers ‘change ans Dandia-Karla Complex Danse Banc ny MUMAT “40000 MUMBA 40000 ‘Sub: Proceeding of the court convened meeting of the company held on 25% March, 2086, Dear Sir, ‘This is with reference to the captioned subject. Enclosed please find the copy of the proceeding ofthe following court convened meeting held or 28 March, 2016 at Registered office of company situated at Industrial Area, Dahod Rosd, Banswara-327001 approving the scheme of Arrangement of the Company with Banswara Global Limited , Banswara Fabrics Limited with Banswara Syntex Limited and their respective stareholder and ereditors. 11) Equity shareholders of Banswara Syntex Limited, 2) Unsecured creditors of Banswara Syntex Limited, 3) Secured creditors of Banswara Syntex Limited. This is for your information and records Thanking You, Yours Faithfully For BANSWARA SYNTEX LIMITED AKranet— OK.JAIN) CFO & COMPANY SECRETARY Enel: As above,PROCEEDS OF TE COURT CONVEIED MEETNEMEETING) OF EQUITY SURDIOLDERS oF tswana Sure ut COPA NLD OM MONDAY, 22 OAY OF MAN, 2006 a HE IMEGSTERED OFFICE OF COMPANY AT IMDUSTAAL ABER OAHOD ROAD, AAGWARR 32701, Ds ere oie bv sachin cara kth ha a er ote Hx Hh Cour of lee tan tour ned 1 eb 2036 ped in Company gn ho 8026 sora et Filer eo] & cram Seetey seni ows company Setar CS mantener Souter ‘Sesanovta lag aave 2 shares pas 525 se arse he Ming by ry reeset fae coon erst 1726 shares ci at 2 Prematr Sharh fowng eset f Bay cre eseing HBSS ares ste Ore te Hone gh Couto eat for anh sto del 1" Fa, 2s pasesin Company apson No 05205, ie Qrum oF artoes ee ea inthe eoireTeChemen cbr te paper gram bang reve, be cede mesg ‘he cha, Sun Arce te en pase on ale pose Seeme ot Amaamaton & Aogenont ef irswara Gea Une (rower Company 1) and awe Fabs nea (vase Comguny 2] winner Sys eed ere Camco seed wene oyefte sone eh purpose Wenn aren vw ofthe ect Wot ong ‘whe opr of he char, Eo Str ed te pot frm were ote fhe ty res ang ey te aa 19" Febuary, 248 See Ye aa notes of eg othe ety shoal wae een ewspges ner 92822018 in "ajrhan Pane 23016, ne eet of haan SK a, and Corp Seth compen 8) Whine Suhene of Anagoraton & frag ea he reo fo the Seeelderpa ators ‘S18 nO and Company Scerywalemed he sels vd pea on 1. The pao magnstn vargas eth ah ht ch anor ping does rot mcs pean Ilya the pana bstasc o e Tne Cans wou prc bee rein or pow ero {0/ a ne lr at pots, ene eee spn pai ‘natant od cher ed coomise erste te bates opin ‘eg manags by aeren managenen tame Ths Shenango math ope iw opeoorsof the Taster cangonks withthe amgey ea sae ‘orate potas 7 4 Te Temeree Congiy wl hate the Renato the conned resorts a Taner 5. Stan duo he mito alates angles aud a pset tebecariegout byte war adhe tandee compas ' Concated tt and fs by th zebr managamest © gow ebay iiing ‘ips commana brane ornron cles con maton 2, ‘ininson of aint unto ed ml vcore, ths ren mend 1 Tieamigimaton puss teshene wil ene oes or eft onto ‘ischone fAnagston Arangenest in Ue ces he company ae hres anointed. nef amore Act 2058 ea wit Rue 200 The Conpanes Haran naan) ae, 238 sarin eraser CRUCD/DS/013 ded Fst 20 ad oh ats CIRJFE/D/2013 te My 23,20, Company hd aed reat tr fay oe trees ena thom to a ta vtes tang phat tne eseans froma ae ethan he eee Meer enoteewatg nd rege lhe set Cert Oxon Seas Lite (CS 0m Stary 27" ebony 2G 0 attest 2a, 2036(500 reap athe ene vaste te acing ‘he Company Secreta ofthe Cupar ae hat he Sad of Dctars in he mesg es on 1H Fev, 016 ha enone CS Mana Mates, Mactng Compeny Sess, a yoIrs 385) 5 Sram for ending he ramet eng prt ar pt bao proce pol ort eontned esting a ronpatet me ears ned ot on {omen evn he ester sie th oes se re he sot the ha cron asa votes near a apa of melt] wl ound en aay 29 ach 206 ‘hechermes ade fi oppouoy to Swe wi wee ite ots reson ‘jr cares eae tar tom ses an aera the sn, Howe thee ero 1b Some of hrongment (Fa but 0 modem nes ab nda res sn weap para Shane of rangenet wba neato, 4 dt chr, th Copan Seay ten te tevin te Selo onions reoton by dtrbutrg tao paper el the Shxehacers ar nes ta te Sheeoles reset hess 0 te at ep teBte Popes te tt er stoning snot box he Strlars Te Charman hn eck lhe bla Lo Ineeig perth soon Ws ed 9 Feary, 2038 Ter the Foowing reslln was popes by Sh ama Kumar Cos scone by Sh Ait "RESOLVED THAT sotto the povln f Sean 31 384 edie apath pon et "he Goma ct 1958 a une the caresponng sos oe Comp 2190 ovoon of Scion 10 oft Conporesse avee web te Compare eae ed nian) fs, 204 apd Rpt 8 ofthe Sse no bungee of os Lire ‘biter and Daeare Requests) Megltons 205s ater nage Esa nine ‘nae tena ncsing oy staay naan easement re! hin bn I ce ray be wpa Sees rd cane ead oC h MCAS 203 ded Era, 2015 reve ity Cree Na EHITEVDURO dtd My 2203, th seat ts dy each of be SE Us we ana Sk Eee eed beth ened 27 ray, 20% an eleven proof pete rt tt soot See Cot ofr stan ot yt ne ig re “ander Conpny 2 wi nar Sax Unto oe Aan Caroamy/ ans Compton {te espe stares an estos be ani ee Sve ee bea ‘odes sar conti ay neha be equ naa enone eerie Fey Cot of aes for Rast ot spe west Shee 9) ay at thier pica [ESOuVED FURTHER THAT fore oupee of peg ett th are ean nd ol ek {ny acts ar doth Sov freer of th pao Company tects th “adh cm sl eon se my cams ay pes ere Bons ry ‘oie or erat tute omy, ih ows care not Mrs nd ey stares Yodo ach deny mes the man nts she Serton, dam nec expen sl rope ard se ay aust ens ot nu hat ray a rig psn ch ening ees nar ang sere We bot of una cord recess gees to th aoe sen eye ‘ch moda st ma teed or ipa trprtes og aut fleet for stant cpr wie sce te Steno apn Dr, apae ‘aneanc Stet ages ar oy er sorte ne ape re Asaaaons rangement The vin by may bla wae cone ho hg oHyp [Rael een | ar a 7 brea Aart ot a he peal tts ora eng este am he ebles e Seat ‘lst hi raporton Toney 2 Nach 206 ‘heb pps of Shaahers dvi by he Chan of the mening have en keto & ‘sled cont tr ovis amar Tata Mong ato of he ompony se Scot The meg ee wt et aks tthe cir The eae unum was ese oho oe Bc reo sane: (oven pucesocguePROCEEDINGS OF THE COURT CONVENED MEETING MEETING) OF UN: SECURED CREDITORS OF BANSWAKA S\NTI LIMITED ("COMPANY HELD ON MONDAY, 2" DAY OF MARCI. 2s ATRECISTERED OFFICE OFTHE COMPANY AT INDUSIWIAL Rta, DAHOD OAD, BANSWAIRA Soom RAJASTHAN 3 PERC (COURT ORDER DATED 11 FEBRUARY, 201 PASSED BYTHE HON'BLE AGH COURT [OFJUDICATURE FOR RAJASTHAN AT JODHPUR IN COMPANY APPLICATION NO. Ob (GF 2018 WHICH CONMENCED AF CPM. AND ADJOURNED AT tap Pe IRbcoMMENCT 4s PNt ano Conc.uneD ATA Dr. Sicin Achy Ateroat Conan jtiano fpr date 11 Fetes, 2s psu in Company Appenton No of 206 fan Me Al hur, Ads ar spit ra Chante cng ye ie Bg Goar ut Aa haa na ar rset ino msg or peas se Dic ebay ok theca a a Alston, Stel Ravindes Kamu Tera Map Dror Shs jan (cher Frapla car (CFO Company Sereey SA HLP Karat Dy. Company Satay Sh se Jae Legal Advi UUN-SECURED CREDITORS. 12Gwee) Un Seared Cees RA2245,902/- were presenta th Meng a 4 Unsecured Creator representing 2952477 wre presente Mig oy, ‘quorum, ‘A per the Grr ofthe Hon High Cost of fn for Ratan a otha dated 11& brary, a6 psd in Company Appleton No.O5 216 eel Guo epi. ‘inv of Unecared cits Was rt preset inte mac. Chara Cee ‘hte oper quran tela ot pet, aoe the mange 30 Mines ‘he meeting resco, The man calle the meting ele ‘Te Need 2 evry, 2016 comeing mec fn acs (alan rad wh aren ohn strdredts een ors of he Compa were "hear. Sahin ehana lame the geri ne Hace a abe he pop heme snaion & Arargemert of ansar Gta Uns Tatfr Corny 3) rl ance rs ined ater Company 2 wh onsen ned (rare Con see {it eyo te Shere, Lapa Snead he poy fm were iy Seed‘ont eu thts, Mn an Cy esto he compan ely ned theese Sere of talgiaton &Srangame® ta the Unseaed el ep seats resem athe Westin. 1. te poe ot amaamston& rangement eg ote Sarg a 2 Taner StuneresCansey wou be play boa ecapatng on grant epores a {en dveped and emerges nd 2. the ree Company dt Teor Company a msi nsf ass adie to/ anschev trpr pot preweaning tnd ivan rua ofer ested econo by cst eases es Semmens crs at rset arenes ee 4. he ae Company wl fe the Rane af heres profit sel ese ‘rsa operons rough onan witaion anata ate oto end 5. Sanearresucon nha mut fea an requ eampnes eee at ae ‘Sovearied aby he terran theteree conosni, Conant eft a es bythe Senor mansgenent to yow th baie: by ning ‘Sipenvesommuncaton snd beta coteston ors sarimateete 7 tn of de tn ad mle earopng, th rasig ead sponitre 1 mesnatgaton pase tush wl esta ess orm for tte ow ‘hs Some of Aalgnaton&Arage ei the at tart fe congany a el te Ur ‘he Cuban re a oppo to Unsaeud Cratre he were ied ot, toe Crdeaton snore commas eo aya bases a acess he ae, HOWE, eve er 9 ltrs gh ar any ggeions mace Te he sted the Unscted estar {obit meaieten the Stereo angen oy to baton i ad bed bye rn th Company Seay hen nia he erg reeds for paige lu mentions resuon by tring al pope a Un seed Ces al mea at "he Uoseons Cntr riers in aes toca hee an epost he al Papen te toy bse box inte proce te Ue carrer nd ry ders Tera, v-perth Nets of he Gerrans a 39" ‘Sachin Aaa, Ata Caan ofthe meting lead the oti stan bt the ‘The te long rcin va rope Ms gh Uncd Gabor en seconds by "RESOLVED MAT purssnt to prov etn 361 84 ed ce aoe ion of he Compas A 195 he rh regener ote Cong fe 23) 2a ter le eas al oiler: me hwnd eng ay soy meth fe {anther ttn engin oc) aay ap he ants ey 2016 ans rear ros oF apa ns, ard mae 0 aproa f gh ov Sater for Rasta ature Scene of Sarg "Scns, fo enone Sarma ltl Ute, se Tansee Company Ian Barone fb ie, ramet onpury 2 wth Einiwre Syren Une the Ape Carpan/ tees Conoey 8 ae repeite archers od erste, td herby soe sented, Vato ost aero ay, chm egal pce artes te "Cut of ene fo" Roston a oagu whe ani th Sere yao [ESOVED FURTHER THAT rte purpose of ing ect ew Hove oan 2 Yen ‘yess or aut an of Drea ft Alan Canaan ree ae he "Bow wh sl dee 0 cde wy ones an pr) wc he Bed oy rnin of conte exer is owes cee poner contre wel, oe fs ety ncharid todo 8 eae acy mats tnd tinge as Fy he escue ston seem scsi, exer, a rope on 0st any Quy fect outs tat may nd psig th eu eives ad for nati chashstne ‘ach moaiaorsstectors : may oaquted olor npn aor partes yep Cot ‘fds fs hatan toda whe suntoneg See, rb Reparal Ocor, egee Companies Sel ecoges ronan authors vdeo on™ he Unseated ens preset I pion od BY BOM CoN and spe he posed shone ct Anaganaton Aargerant Te ang wa alt wa nce el he aa iiax eave Dab Woes ona retinas) | our of the laps the oral caaion |G —| Sa = reser ry Tomar 2 © 5‘Te Osan pact aoe theming 35 (hy the Comet airs ce tom Unset [ele npr Unseen rato dy ety he maf he mat ve been bt Ina sed cer wit, Kamar Toa Maggs eee ae ‘retin ruc bie the Hon bc san os gig ‘Re mesg ee wih vl sh he eave uc wpe owpt meting whe soci te aged PLACE: adhour WFperctane (iter hinaPROCEEDINGS OFTHE COURT CONVENED MEETING ("MEETING] OF SECURED CREDITORS OF Sanswans svNTEX LRUITED (COMPANY) HD ON MONDAY, 25 DAY OF MARCH, 2086 [Ar aearEneo OFICE OF THE COMPANY AT NDUSTRIAL AREA, OANOD ROAD BANSHHARA” ‘Dro, RMASTHAN AS PER IGH COURT ORDER OATED 11” FEBRUARY, 2:6 PASSED BY Te HoWste High COURT OF JUDATURE FOR RAIASTHAN AT JOOHPUR IN COMPANY [APRIEATION NO, 46072018 WHICN CONBRENCED AT 2. AND CONCLUDED AT 235 P br Sachin Acharya tdrocate cian or. Sachin Acharya, Aavorstesook the cha a pr the ode ofthe Howe Heh Cour of cate for Bojan a Jodhpur dated 11” Febuary, 2016 passed in Company Aplin Sh Randa kara Tesi Moraga Decor ste it rani fear (0) & Company Seretary She hava Dp Company Secatay Sh Sie Johar Lega edo 2 fw) Seared estos representing, 3221636862). were prot at he Metin in on 1 (One Seri restora BAN epasenting 135 48,00,00/-snt er Ball Paper ‘avonene ‘As por he Order of the Harb igh Couto uate fr Resta Joep dated 10* Fetruay, 2016 psu i Company Agpeatn No, OF 2035, req CunranSepresenting Sk nvae of secured exectors wer preset inthe mesg The Chaman obrved thatthe ‘copa quorum bing present healed he mesting 2 ade. ‘he Nate dated 9” February, 2016 conerng ecg of ecard Cesar he Company were tana ed with consent of th Seared Cedor proto ‘ve chaemas, br. Saenn Aces, Advocate, welcome the gathering nd placed tbe he proposed Scheie of Analg & Arangarent of Barswsr Gaba Um (anterer Company 3} and Sonera fabisUmted (Tosi Company 2} wh Bower yt Lined Tanteree Company) snd egned one apy ofthe sstema fer ha purpose of ‘dontcton and vod in view the fc that Noes alongwith th copy af he Schas [olnatory Sparen ad the poy form wer nul seed each of he Seed creda ana tie of the esting ofthe secre crests were public: in newpaper “meson” on 202.2016 arin "sjesthan Faia” on 33.2016. U-(nthe rauest of Chana, M1 Jin C50 and Company Setar of hecompany ofthe ampsy oraiyeapined th reasons & Scheme of Analgamaton & Aragorn te te SX Jan, CFO and Comsany Savery woke he Secred cetos ad apr 3s 4. The Pupoe of Analeamaton & Arangmert to bing et the Sg tat each "rovsteror Company doesnot recs pote Indus and Ye span pba ‘exch ofthe Transfer Conpary woud be pac Seneti fr eptetieg oe rth opportunites h beth cevloped and emeringmarts nce 2. The Taste Company and the Trarsferar Company are In snares of bushess and ite te / can achieve lager product portale, enemies of sae icon, optnzaon of logs and ditravton aeberk and ether relied economies By entcetng the busines pertons being manage by ees mane teama This Scheme of arangement lends 10 marge the options of he Tngire ‘ompones ath that ofthe Company atthe A The Tense Company wil have the bene of ersod profuct soto, | The Transfers Company wi ave the bent of the combined esurce of Taser Corps nd the Tasers Campa. The Conpany wolé bein plone ey on consist operons tough optimum snanton ef resources sda oF ‘pkatn ane beter arlene % enon ten ne my of ane onlin eed once eto: and fas by the sanor mangement to gow th business by slniaing dupicatve communston ted brderome coon rs soe, ‘nutpleentae 2, Binion of sdmissvatve acon and mile recording, ths eign 8. The amstgaraton pursuant to ths share wil cat 3 feeused plan fr future gown afte tarteree Compo ‘his Scheme ofAmsgamatonB Arangenent sin the bs intees ofthe comaty sd tthe Secure ecrsfthe Company wil be ut beettee ‘The Chatman s:code far opportu to estore who were ens to ote, to seek threats aor flr comment elated t ay Kom of buses and dee the sane However, there were no crieton swan nor ary sngstons made: Then he ate ne secured cetor to subst mosieaton a tw Scheme of Arenemt sy bat ‘rocaion was submited and all tho cei erevent were apeed to pis th Scheme of rangement without moditcaton, ‘conbucr oF Pica sauLor ‘Asstt by the Chamon, the Company Scretary thn ted the vot pede for Pasting he Below mentonedrsohation by esting ballet ape to a etre Caan,nde thatthe Seed Crees pean inthe meting cst thal vols wd depos the Saot Popes he lat Gov att showg alot bor to the Sure rer. The ‘iceman then ck and the wp Ble ori he presence ofthe Secure Crear and fronp tle Theeater, the Chara ack he snes of he meat 35 the Note of the nara esting dates 19 Fabry, 2016 sPecn, suns or Sahn scary, Advocate, Chatman afte meeting lace the floning resaaton Before “Then te Flowing esol ws proposed by sat Hae) a stn by nse Ne. ResoLveo THAT pusunt tothe grove of Seeens 391 to 384 and cher apple provsins ofthe Companies Ad, 158 an © der the eovespendg preven of the Companies Act and other tes, casas and notiiestons made thereunder (rceng any Stuory moisten) o weenactnee(s)thret forth tne big info) as maybe “plea the observation ler lad by eth ofthe BSE Unter the National tock Erchange oii te bode 20 inns, 2036, and relevant provers of aprcabe laws end sible othe approval of tha High aut feature or ashen todout, Oe Seneme of arangement the “Schee") for algemstion 3 Sanswara Gl ned, oe TWansferoConpany ad anevars Fs ned the anlar Company Zeth Bn Ste med the Appian congan/Tasferes Conny aot tha respecte sharers ‘snd rer, beanie hereby apgroved and ared to, with/without ay modesion: nor ndhios If ary wich maybe ecied afar gazed ado ert bythe High Cour Stdeature for Rasher Jodhpur while arcing the Shere, of by anyother finortar under ppb. RESOLVED FURTHER THAT forte purpose of ping et to te ave ceion an fo enon of any itaites or douse dowd of rectors Fs Ansan Cepany Cea Fete othe “on, term shal dem 1 ne ary commie en persons) tie the Bore may nointe or costae to e2erese Ks powers oclug the powers Confered under ths etn, and isha utr ol ich ae eed ater fnatangsasitmay, saat Gction, dem nectar expeden dor Pepe and to see any quetns or fics or dats tat may 235 ncuding pasing of sh ‘counting eres ant for making uc ajutmens he Books oF acount: at eosiered ‘cess fect tothe save ein orto cay au such meitowSrecion at (hor be rooted andor Impoee anor pete y the High Court of etre for Toit a dadhour wha sanctioning the Sthene, of by Regal ier, Regist of Compiles soe changes or anyother autores nde appabe lo” ‘he Sear rors presrt in ptsan a by pron consanted and aprovl the propo Seema of amalgamation & Arangamet Tha voting by way ballot was ceded and the amountints} | four ofthe apnst the | Seaued~-zedion | 2 | Sane soame zsent peroraiy | — send alot Paper resent by pony i aa aE The chaman places bore the meeting 3 (Thee the Consent Letters eaved tom Secured reds aggregate Re 253085) The ballot popes Secures rors dul vested bythe Chatman ofthe eth hove been ‘cot eae aves wih Me- Raid Kumat Tesh Manag Deer eth eompeny with he irstion to produce before ene Harb Heh Cou avant ahem econo Closiie oF me MeEnIG ‘he menting ended with the vote of tanks to the char, The requed quorum was present ‘outhout the meeting while ranatng oped ter DATE OF erry: DATEOF stone: mm PACE: sodhpar De Sin Achar (erwin)