Corporate announcements

Hindustan Unilever Limited has informed the Exchange that the Company has divested its entire shareholding in Shamnagar Estates Private Limited and consequently, Shamnagar Estates Private Limited has ceased to be a subsidiary of the Company w.e.f. May 13, 2009.

Idea Cellular Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has issued directions for convening shareholders and Creditors meetings on July 13, 2009 and July 14, 2009 respectively for approval/consideration of following Schemes of Amalgamation/ Arrangement:(1)Scheme of Amalgamation of Spice Communication Limited with the Company(2)Scheme of Arrangement for De-merger of Overlapping Licenses in respect of Punjab and Karnataka service areas.

Clariant Chemicals (India) Limited has informed the Exchange vide its letter dated May 14, 2009, that: "The Board of Directors at the meeting held today decided to sell Company's business of Diketene and downstream intermediate products together with plant and equipment presently operated from Balkum, Thane site of the Company for a total consideration of Rs.13.25 crores. As the sale of the business is expected to be completed in 2010, there will be no impact on sales revenue and net profits of the Company for the year 2009".

Shrenuj & Co Ltd has informed the Exchange that: "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 16,223 Equity Shares of Rs. 2/- each i.e. 0.02% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)".

Mastek Ltd has informed the Exchange that the Board of Directors of the company at its meeting held on May 09, 2009 has considered and approved the acquisition of the entire business of Keystone Solutions Private Limited, a step down 100% subsidiary of the Company. Further, this transaction will have no impact on the Company's consolidated financials, and is being implemented to realize Cost efficiencies and Synergies.

Mirc Electronics Ltd. has informed the Exchange that the Hon'ble High Court of Bombay has sanctioned the Scheme of Amalgamation of Guviso Holdings Private Limited (Transferor Company) with Mirc Electronics Limited (Transferee Company) vide order passed on May 02, 2009.

Electrotherm (India) Ltd. has informed the Exchange that "with regard to Scheme of Arrangement between Electrotherm (India) Limited and its shareholders the Company has filed a Company Application with the Hon'ble High Court of Gujarat on May 02, 2009. Subsequently, the Hon'ble High Court of Gujarat, by an order made on May 05, 2009 has directed that a meeting of the Equity Shareholders of the Company be convened and held on June 16, 2009 for the purpose of considering, and if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between

Greenply Industries Ltd has informed the Exchange that "The Scheme of Amalgamation of Galaxy Decor Private Limited and Platinum Veneers Private Limited with Greenply Industries Limited has been approved by the Hon'ble High Court of Gujarat and the Hon'ble Gauhati High Court vide their orders dated January 20, 2009 and April 30, 2009 respectively".

Jayshree Tea & Industries Ltd has informed the Exchange that: "As per Order dated 31.03.2009 of the Hon'ble High Court at Calcutta, Jayantika Tea Co. Ltd stands merged with the company w.e.f. 01.04.2008. The shareholders of Jayantika Tea Co. Ltd are entitled to get 10 shares of Rs.10/- each of Jayshree Tea & Industries Ltd in lieu of 1 share of Rs.100/- each held by them in Jayantika Tea Co. Ltd". Further the company has informed that "For the purpose of the issue and allotment of the said shares, May 25, 2009 has been fixed as the Record Date to determine the eligibility for the same".

Bsl Ltd has informed the Exchange that the Board of Directors in its meeting held on April 29, 2009 have approved the proposal for Amalgamation of M/s Bhilwara Processors Limited with the Company subject to approval of shareholders and other regulatory authorities.

Grasim Industries Ltd. has informed the Exchange that: "The Hon'ble High Court of Madhya Pradesh at Indore has sanctioned the Scheme of Arrangement u/s 391-394 of the Companies Act, 1956, between the Grasim Industries Limited and Vikram Sponge Iron Limited and their respective Shareholders and Creditors on 29.04.2009 for transfer of Vikram Ispat division of Grasim Industries Limited. The said transfer will become effective on completion of various formalities as provided in the Scheme of Arrangement, which are being pursued by us".

Escorts Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on April 29, 2009, has considered and approved a Scheme of Arrangement as per Section 391 to 394 and any other applicable provisions of the Companies Act, 1956 for amalgamation of Escorts Agri Machinery Inc (USA) [hereinafter referred to as 'EAMI'], which is a 100% subsidiary of the Company, into Escorts Limited ("Escorts"). The further details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common

Shrenuj & Co Ltd has informed the Exchange that "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 9008 Equity Shares of Rs. 2/- each i.e. 0.01% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)".

Kirloskar Oil Engines Ltd. has informed the Exchange that "Pursuant to order dated April 24, 2009 passed by Hon'ble High Court of Judicature at Bombay a meeting of Equity Shareholders of the Company will be held on June 13, 2009 for the purpose of considering and if thought fit, approving, with or without modifications, the Scheme of Arrangement proposed to be made between the Company and Kirloskar Engines April 24, 2009".

Valecha Engineering Limited has informed the Exchange regarding Acquisition of shares by Valecha Investments Pvt. Ltd. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Valecha_Reg_27042009.zip target=NEW> For more details click here.</a>

Ashapura Minechem Ltd has informed the Exchange that the Company have been informed by Shri Chetan Shah, Promoter and Managing Director of Ashapura Minechem Limited that : Ashapura Industrial Finance Limited, a Promoter Group Company, has acquired 87,000 Equity Shares of Ashapura Minechem Limited from the open market on April 21, 2009.

Sasken Communication Technologies Limited has informed the Exchange that :"we have filed a petition in the High Court of Karnataka under Sec 391/394 of the Companies Act, 1956 seeking its approval for a Scheme of Arrangement. The petition has been posted for hearing on 29th May 2009. The decision of the High Court on the Company's petition will have a bearing on the results for the year ended 31st March 2009".

3i Infotech Limited has informed the Exchange that the Board, at its meeting held on April 24, 2009 has approved the proposal for merger of 4 wholly owned subsidiaries of the Company viz. KNM Services Private Limited, Stex Software Private Limited, E-Enable Technologies Private Limited and J & B Software India Private Limited with the Company.

Insecticides (India) Limited has informed the Exchange vide its letter dated April 24, 2009 that : "The meeting of the Board of Directors of the Company was held today at the registered office of the Company at 5.00 pm which continued till 8.20 pm. During the course of the meeting, as part of any other item of the Agenda, it was proposed by one of the Directors to consider amalgamation of Advance Crop Solutions Ltd. (a wholly owned subsidiary of the Company) with the Company. The Board considered that the Company is not required to issue any further shares on account of amalgamation. The board

Pantaloon Retail (India) Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on April 25, 2009 has considered and approved a Scheme of Arrangement ("Scheme") as a mode of transfer of Fixed Assets relating to fashion division of the Company to Future Merchandising Limited (name applied for) and transfer of Format Concept Brands of the Company to Future Consumer Enterprises Limited (name applied for). The Scheme of Arrangement is, inter-alia, subject to the necessary and requisite statutory approvals under the Companies Act, 1956 and any other applicable

Allcargo Global Logistics Limited has informed the Exchange that: "This has reference to our disclosure made about acquisition of 64,33,223 (5.97%) equity shares of Gateway Distriparks Limited through M/s Sealand Terminals Pvt. Ltd., the wholly owned subsidiary of the Company, we hereby confirm that M/s Sealand Terminals Pvt. Ltd. has sold 24,75,000 (2.30%) equity shares of Gateway Distriparks Limited till date The holding of the Company after the said sale of shares is 39,58,223 equity shares constituting 3.67% of the total paid up capital of Gateway Distriparks".

Gtl Limited has informed the Exchange that the Board of Director of the Company at its meetings held on April 22, 2009 has: (1) Approved in-principle merger of ADA Cellworks Wireless Engineering Pvt. Ltd a company 100% owned by a step down subsidiary which was earlier acquired by the Company subject to necessary consents from regulators/ court, as may be required or subject to buyback guidelines in this regard.

Esab India Ltd has informed the Exchange that " the Board of Directors have also accorded its in principle approval for merging with the company ESAB Engineering Services Limited, Chennai in which Exelvia Holdings BV holds 75.1% and Esab India Ltd holds 24.9% of equity shares. The Scheme of Merger as and when approved by the Board of Directors would be forwarded to stock Exchanges."

Idea Cellular Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has issued directions for convening Shareholders and Creditors meeting on June 25, 2009 and June 26, 2009 respectively for approval / consideration of the a) Scheme of Arrangement for Financial Restructuring seeking to adjust amount of non compete fee against balance in Securities Premium Account. b) Scheme of Arrangement for De-merger of Passive Infrastructure in respect of nine service areas to a wholly owned subsidiary.

Marico Limited has informed the Exchange that Marico has decided to divest its entire stake in its wholly owned subsidiary, Sundari LLC, to a US based limited liability company, Wellness Systems. The transaction is, however, subject to necessary regulatory approvals.

Everest Kanto Cylinder Limited has informed the Exchange that: "The Company has completed the acquisition of a majority stake (72.65%) in Calcutta Compressions & Liquefaction Engineering Private Limited ("CC&L") for a consideration of Rs. 2.4 Crores. CC&L is in the business of purchase and sale of natural gas and has a subsisting agreement with Oil & Natural Gas Corporation Limited ("ONGC") for purchase of Coal Bed Methane Gas from its gas field located in Jharkhand".

Graphite India Limited has informed the Exchange that "By an Order dated 7th April, 2009 the Hon'ble High Court at Calcutta has directed that a meeting of the Equity Shareholders of the Company be convened and held on Monday, 11th May, 2009 at 2.00 p.m. for the purpose of considering the proposed Scheme of Arrangement between GKW Ltd. and the Company and their respective shareholders for demerger of Powmex Steels Undertaking of GKW Ltd. to the Company".

Gkw Ltd has informed the Exchange that "By an Order dated 7th April, 2009 the Hon'ble High Court at Calcutta has directed that a meeting of the Ordinary Shareholders of the Company be convened and held on Monday, 11th May, 2009 at 10.00 am. for the purpose of considering the proposed Scheme of Arrangement between the Company and Graphite India Limited and their respective shareholders for demerger of Powmex Steels Undertaking of the Company to Graphite India Limited".

Sintex Industries Ltd. has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has at the hearing held on March 25, 2009, approved the Scheme of Arrangement between Sintex Industries Limited ("Sintex") and its Equity Shareholders. The certified copy of the High Court Order is received by Sintex on April 09, 2009.

Shrenuj & Co Ltd has informed the Exchange that "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 8,263 Equity Shares of Rs. 2/- each i.e. 0.01% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)".

Shree Precoated Steels Limited has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay has approved the Composite Scheme of Arrangement between Ajmera Realty & Infra India Limited & Ajmera Precoated Steels Limited and their respective Shareholders involving demerger of the Steel division of Ajmera Realty & Infra India Limited into Ajmera Precoated Steels Limited and Reorganization of their share capital vide Order dated March 21, 2009, a certified copy of which was made available on April 08, 2009. The Company is in process of filing the certified copy of the Order alon

Orbit Corporation Limited has informed the Exchange that "In terms of the order dated 27th February, 2009 passed by the Hon'ble High Court of Judicature of Bombay, the Equity Shareholders of the Company have in their meeting convened on 6th April, 2009 approved the Scheme of Amalgamation of Orbit Shelter Private Limited with Orbit Corporation Ltd. The Chairman of the meeting, appointed by the Hon'ble High Court of Judicature of Bombay, shall be filing his report directly with the Hon'ble High Court".

Life Insurance Corporation of India has informed the Exchange that "As per the guidelines on Institutional Transactions in shares issued by Govt. of India during the year 1990, we hereby inform that Life Insurance Corporation of India has sold 29879131 equity shares face value of Rs. 10/- of Tata Teleservices (Maharashtra) Ltd. @ Rs. 24.70 per share".

Renaissance Jewellery Limited has informed the Exchange that, the Scheme of Amalgamation of Verigold Fine Jewellery Private Limited and L.J. Creations Private Limited with Renaissance Jewellery Limited was approved by the Hon'ble High Court Mumbai on November 14, 2008. The Appointed Date is April 30, 2008 and Effective Date is March 30, 2009.

Cummins India Ltd. has informed the Exchange that: "We wish to inform you that the Hon'ble Bombay High Court vide its order dated March 20, 2009, has approved the Scheme of amalgamation of Cummins Sales and Service India Limited (CSS) and Cummins Auto Services Limited (CASL) wholly owned subsidiaries of Cummins India Limited (CIL) into CIL, Appointed Date being April 1, 2008. The Certified Copy of the said order has been received on March 30, 2009 and the same has been filed with the Registrar of Companies, Maharashtra, Pune, on April 1, 2009. Therefore, in terms of the Scheme approved by the

Gati Limited has informed the Exchange that the Company has acquired 26.01% outstanding equity of Kausar India Limited on March 31, 2009 through open offer reverse book building process pursuant to Clause 10 and other applicable clauses of Securities and Exchange Board of India (Delisting of securities) Guidelines, 2003. The total holding of the Company is 99.73% as on date due to above acquisition.

Rswm Limited has informed the Exchange that the Scheme of Arrangement / De-merger and vesting of strategic investment division of RSWM Ltd. as a going concern into Bhilwara Technical Textiles Ltd. has become effective from March 31, 2009 with the filing of the Order dated March 09, 2009 with the ROC, Rajasthan on March 31, 2009 as required under the Companies Act, 1956.

Future Capital Holdings Limited has informed the Exchange vide its letter dated March 31, 2009 that: "(1) A meeting of the Board of Directors of the Company was held today at which meeting the Board has inter-alia approved the following: (a) Transfer of the Retail Financial Services Division and Wholesale Credit Division of the Company into Future Capital Financial Services Limited, a wholly owned subsidiary of the Company; and, (b) Merger of Future Capital Credit Limited, a wholly owned subsidiary of the Company and a Non-Banking Finance Company registered with the Reserve Bank of India, with

Zuari Industries Ltd. has informed the Exchange that the Company has acquired 6240962 shares of Zuari Investments Limited and hence Zuari Investments Limited has become a subsidiary of Zuari Industries Limited effective March 30, 2009.

Astra Microwave Products Limited has informed the Exchange that "The High Court of Andhra Pradesh has approved our Company Petition No. 102 of 2008, Scheme of Arrangement between M/s. Astra Microwave Products Limited and M/s. Astra Microelectronic Technologies Limited (our wholly owned subsidiary) pursuant to Section 391 and 394 of the Companies Act, 1956". Further the Company has informed that, there is no fresh issue of shares will arise pursuant to the above Scheme of Arrangement.

Aditya Birla Nuvo Limited has informed the Exchange that: "The Company has acquired 35,87,500 equity shares constituting 50.0001% of the paid up capital of Birla Sun Life Distribution Company Limited (BSDL) held by Sun Life (India) Distribution Investments Inc., Canada and therefore BSDL has become a wholly owned subsidiary of the Company. This will bring synergy and synchronization in the business of Broking & Distribution in the financial services."

Aurobindo Pharma Ltd has informed the Exchange that "The Board of Directors of the Company approved the Scheme of Arrangement ("the Scheme") in their meeting held on March 31, 2009, which inter alia provides for the following: 1) Utilization of the Capital Redemption Reserve Account of Rs. 90.0 million outstanding as on March 31, 2008. 2) The gains arising on the buyback of FCCBs, being capital in nature, together with the amount of Rs. 90.3 million standing to the credit of Capital Reserve Account as on March 31, 2008 shall be credited to "Reconstruction Reserve Account". 3) The Capital Redem

Sasken Communication Technologies Limited has informed the Exchange with reference to the proposed Scheme of Arrangement under Section 391/394 of the Companies Act, 1956, that at the meetings of the Shareholders and Unsecured Creditors held on March 28, 2009, the Scheme of Arrangement as detailed in the Notice sent to them were approved with requisite majority. Further, the Company will soon be filing the petition in the High Court of Karnataka for approval.

Sesa Goa Ltd. has informed the Exchange that: "the following decisions have been taken at the Board Meeting held on 30th March 2009: 1) Mr.P.K. Mukherjee has been reappointed as Managing Director of the Company with effect from 1st April, 2009 for a period of three years. 2) Mr.D.D. Jalan and Mr.Akhilesh Joshi have resigned as Directors of the Company, with immediate effect. 3) The validity of Scheme of Amalgamation of Sesa Industries Limited with Sesa Goa Limited has been extended upto 31st July, 2009".

Kamat Hotels (I) Ltd has informed the Exchange that the Company has successfully negotiated and completed the transaction for sale of its entire stake in Concept Hospitality Limited in an all cash deal. This deal will improve the cashflow of the Company.

Indian Oil Corporation Ltd has submitted to the Exchange a copy of synopsis of the Scheme of Amalgamation for the merger of Bongaigaon Refinery & Petrochemicals Limited with Indian Oil Corporation Limited. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Bongai_SchBong_30032009.zip target=NEW> For more details click here.</a>

Asian Paints Limited has informed the Exchange that: "The Board of Directors of the Company at its meeting held on Saturday, 28th March, 2009 has approved a Scheme of Amalgamation ('the Scheme') of Technical Instruments Manufacturers (India) Limited (a wholly owned subsidiary of the Company) with the Company under the provisions of Companies Act, 1956 and rules and regulations thereunder. The Scheme shall be subject to necessary approvals and sanctions. Technical Instruments Manufacturers (India) Limited owns the building which houses the Company's Corporate Office and it has no income except

HCL Infosystems Ltd has informed the Exchange that in the matter of amalgamation of Natural Technologies Private Limited (NTPL) the subsidiary with HCL Infosystems Limited, at the court convened meetings of Equity shareholders, secured Creditors and Unsecured Creditors of NTPL held on March 28, 2009 the Scheme of Amalgamation has been approved.

Eicher Motors Ltd has informed the Exchange that "The Company has received a proposal from, the promoter Company M/s. Eicher Goodearth Investments Limited (EGIL) vide which EGIL is going ahead with a restructuring of its operations through a Composite Scheme of Arrangement proposed under Sections 391, 394 of the Companies Act, 1956. As part of this restructuring scheme, EGIL has also proposed to rationalize its equity holding in Our Company. Under the proposed Scheme EGIL is planning to demerge its investment business undertaking into, another Company of its promoters i.e. Eicher Goodearth Pr

Kirloskar Oil Engines Ltd. has informed the Exchange that at the meeting of the Board of Directors held on March 28, 2009 the Board has approved the Scheme of Arrangement between the Company (proposed Demerged Company) and Kirloskar Engines India Limited (proposed Resulting Company) for demerger of Engine and Auto Component business of the Company into Kirloskar Engines India Limited under Section 391 to 394 and other relevant Sections of the Companies Act, 1956 subject to the approval of the Stock Exchanges, Company's shareholders and Hon'ble High Court of Mumbai and the necessary approvals u