Company Petition No.90 of 2012 is filed by Brilliant Bio Pharma Limited, the demerged company, while Company Petition No.91 of 2012 is filed by Brilliant Industries Limited, the resulting company. By way of these petitions, the two companies seek sanction of this Court under Sections 391 to 394 of the Companies Act, 1956 (for brevity, ‘the Act of 1956’) apropos their proposed scheme of arrangement, whereby the business divisions of vaccines and wind energy of the demerged company are to be transferred to the resulting company.

The demerged company was incorporated under the name and style of Brilliant Investments Private Limited on 01.02.1988 in the State of Andhra Pradesh. It was converted into a public company with effect from 21.11.1994 and became Brilliant Investments Limited. Its name was changed to Brilliant Industries Limited on 02.03.1995 and to Brilliant Bio Pharma Limited on 13.05.2008. Its Registered Office is situated at TGV Mansion, III Floor, 6-2-1012, Khairatabad, Hyderabad, Andhra Pradesh. Its authorized share capital is Rs.6,00,00,000/-divided into 60,00,000 equity shares of Rs.10/- each. Its issued, subscribed and paid up capital is Rs.2,25,28,800/- compris