Intensive Air Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2012, inter alia, have issued and allotted 6,21,00,006 Equity shares of Re. 1/- each to the shareholders of erstwhile Yuvraaj Hygiene Industries Private Limited, pursuant to the scheme of Amalgamation under Section 391 to 394 of’ the Companies Act, 1956, as approved by the Hon'ble High Court of Bombay vide its order dated February 14, 2012, and the said scheme has become effective with effect from March 16, 2012, upon the filling of the copy of order with the Registrar of Companies, Maharashtra, Mumbai by the respective Companies.
Consequent to the said allotment, the Paid up capital of the Company has been increased from Rs. 46,18,400/- to Rs. 6,67,18,406/-.