Northgate Technologies Limited has informed the Exchange that the Composite Scheme of Arrangement and Amalgamation under section 391 to 394 of the Companies Act, 1956 between Northgate Technologies Limited, Northgate Com Tech Limited and Green Fire Agri Commodities Private Limited has been approved by the Honorable High Court of Andhra Pradesh. The copy of order has been received by the company on May 17, 2012. On effect of the Composite Scheme of Arrangement and Amalgamation, the shareholders of the Northgate Technologies Limited will be allotted with new share of Northgate Com Tech Limited, the same number of shares presently held in Northgate Technologies Limited with face value of Rs. 10 each. Northgate Technologies Limited name will change to Green Fire Agri Commodities Limited and the shareholders of Northgate Technologies Limited will continue to hold the same number of shares with face of Rs. 1 each in Green Fire Agri Commodities Limited. Both the companies i.e. Northgate Com Tech Limited and Green Fire Agri Commodities Limited will apply for listing of shares on the National Stock Exchange Limited and Bombay Stock Exchange Limited.