Intrasoft Technologies approves merger of One Two Three Greetings

* Intrasoft Technologies Limited (ISFT) announced the approval of the Scheme of Merger of its wholly-owned subsidiary, One Two Three Greetings (India) Private Limited ("123G"), with the company. * The merger is under Sections 233 and other applicable provisions of the Companies Act, 2013. * The appointed date for the merger is April 01, 2025. * No Objection Letter' on the Scheme is not required from the Stock Exchanges. * The business of the Transferor Company and the Transferee Company can be combined and carried forward conveniently with combined strength. * The merger will enable the Transferee Company to consolidate its line of business by restructuring and re-organizing its business activities under the roof of the Transferee Company. * The merger will enable the companies to broad base their business activities under the roof of the Transferee Company. * The merger will result in economy of scale including reduction in overhead expenses relating to management and administration in better and more productive utilization of various resources. * The business of the companies can be conveniently and advantageously combined together and in general the business of the companies concerned will be carried on more economically and profitably under the said scheme. * The said Scheme of Merger will enable the establishment of a larger company with larger resources and larger capital base enabling further development of the business of the companies concerned. * The said Scheme will also enable the undertakings and businesses of the said companies to obtain greater facilities possessed and enjoyed by one large company compared with a number of small companies for raising capital, securing and conducting trade on favorable terms and other benefits. * The said Scheme will contribute in furthering and fulfilling the objects of the companies concerned and, in the growth, and development of these businesses. * The said Scheme will strengthen and consolidate the position of the amalgamated company and will enable the Transferee Company to increase its profitability. * The said Scheme will enable the undertakings concerned to pool their resources and to expand their activities. * The said Scheme will enable the companies concerned to rationalize and streamline their management, business and finances and to estimate duplication of work to their common advantages. * The said Scheme will have beneficial results for the companies concerned, their shareholders, creditors, employees and all concerned.