Oct 26 (Reuters) - Simonds Group Ltd SIO.AX :
* Supreme Court of Victoria has ordered meeting of Simonds shareholders to consider and vote on previously announced scheme of arrangement
* If scheme approved by requisite majority of Simonds shareholders shareholders will receive a cash payment of $0.40/Simonds share
* Refers to previously announced scheme of arrangement under which SR Residential to acquire all of shares in Simonds Source text for Eikon: Further company coverage: SIO.AX