Corporate announcements

Steel Authority Of India Ltd. has informed the Exchange that the following mergers and acquisitions are being contemplated by Steel Authority of India Limited (SAIL): (i) Acquisition of Neelachal Ispat Nigam Limited (NINL), Orissa with a view to merge it with SAIL. Appointment of valuer for valuation of NINL shares / business is under process. (ii) Maharashtra Elektrosmlet Limited (MEL), a subsidiary of SAIL is to be merged with SAIL. (iii) National Iron and Steel Company Limited (NISCO), Kolkata, a Govt. of West Bengal Steel Rolling Mill is being acquired by SAIL. The above mergers / acquisit

Reliance Communication Ventures Limited has informed the Exchange that Court convened meetings of the Members, Preference Shareholders, Secured creditors and Unsecured creditors of Reliance Infocomm Limited (RIC) and Members, Secured creditors and Unsecured creditors of Reliance Communications Infrastructure Limited (RCIL) were held on June 06,2006 and all of them have unanimously approved the Scheme of Amalgamation and Arrangement under Sections 391 to 394 of the Companies Act, 1956, inter alia for amalgamation of RIC with and demerger of the Network Division of RCIL to the Company.

Rolta India Ltd. has informed the Exchange that Mrs. Padma Ganesh, the relative (wife) of the following Director of the Company, has traded / transacted into the equity shares of the Company, details of which are stated here below: Name of Director : Mr. V. L. Ganesh; No. of Shares Transacted- 3000 ; Transaction Type (Purchase/Sale)-Sale; Balance Shareholding after this transaction - 9050.

Asian Paints Limited has informed the Exchange that Berger International Limited (BIL), an indirect subsidiary of the Company, has executed a conditional Stock Purchase Agreement relating to the sale of 427,000 shares in the capital stock of Dutch Boy Philippines, Inc. representing sale of the entire 30% share capital held by BIL in the capital stock of Dutch Boy Philippines Inc. The above Stock Purchase Agreement is subject to requisite approvals as may be necessary. The announcement made by BIL to the Singapore Stock Exchange in this regard is available on www.sgx.com.

Eih Limited has informed the Exchange that at the Meeting of the Equity Shareholders of the Company convened on June 08,2006 by Order of the Hon'ble Calcutta High Court the following Schemes were passed by requisite majority: A) Scheme of Amalgamation of Rajgarh Palace Hotel and Resorts Limited with the company; and B) Scheme of Arrangement between the company and EIH Associated Hotels Limited.

Lakshmi Machine Works Ltd. has informed the Exchange that the Board for Industrial and Financial Reconstruction vide its order no.378/1999 dated May 25,2006 had approved the merger of Jeetstex Engineering Limited (JEL), the wholly owned subsidiary, with the Company with effect from April 01,2005. As JEL is a wholly owned subsidiary of LMW, the issue of consideration to the erstwhile shareholders of JEL does not arise. Necessary returns are filed with the Registrar of Companies, Tamilnadu, Coimbatore.

Rpg Cables Ltd has informed the Exchange that the Hon'ble High Court of Karnataka has sanctioned the Scheme of Arrangement under Section 391 of the Companies Act, 1956 between the Company and its Fixed Depositor Holders.

Torrent Power Sec Limited has informed the Exchange that the Equity Shareholders, Unsecured Creditors and Secured Creditors of the company in their respective meetings held on June 06,2006, pursuant to the Order of the Hon'ble High Court of Gujarat dated May 01,2006 have approved with requisite majority, the Scheme of Arrangement including Amalgamation between Torrent Power AEC Limited and Torrent Power SEC Limited and Torrent Power Generation Limited with Torrent Power Limited and the Reorganisation of Capital of Torrent Power Limited.

Torrent Power Aec Limited has informed the Exchange that the Equity Shareholders, Unsecured Creditors and Secured Creditors of the company in their respective meetings held on June 08,2006, pursuant to the Order of the Hon'ble High Court of Gujarat dated May 01,2006 have approved with requisite majority, the Scheme of Arrangement including Amalgamation between Torrent Power AEC Limited and Torrent Power SEC Limited and Torrent Power Generation Limited with Torrent Power Limited and the Reorganisation of Capital of Torrent Power Limited.

Associated Cement Co. Ltd has informed the Exchange that a Meeting of the Equity shareholders of the Company was held on June 08,2006 for the purpose of considering the Scheme of Amalgamation of Tarmac India Limited (TIL) with the company. The shareholders have approved the Scheme of Amalgamation of Tarmac India Limited with the company with the requisite majority. This meeting was convened pursuant to the Orders of the Bombay High Court. The company is filing a Petition with the Bombay High Court seeking their approval for the above Scheme of Amalgamation. A copy of the Result of Voting at th

Mcleod Russel India Limited has informed the Exchange that the Hon'ble Gauhati High Court at the Hearing held on June 07, 2006 has sanctioned the Scheme of Amalgamation of Williamson Tea Assam Limited with the Company with effect from the appointed date i.e. April 01, 2005. Earlier the Scheme was approved by the Hon'ble High Court at Calcutta. The Scheme will become effective upon filing of the Certified Copies of the Orders of the Hon'ble High Court at Calcutta and Gauhati High Court with the Registrar of Companies at Kolkata and Shilong respectively.

Mcleod Russel India Limited has informed the Exchange that pursuant to the Scheme of Amalgamation of Williamson Tea Assam Limited with the Company which has been approved by both Calcutta and Gauhati High Courts the Company will be required to issue shares to the shareholders of Williamson Tea Assam Limited in the ratio of three Equity Shares of Rs. 5/- each for every Equity Share of Rs. 10/- held in Williamson Tea Assam Limited. The aforesaid Scheme will become effective upon filing of the Orders with Calcutta and Gauhati High Courts with Registrars of Companies at Calcutta and Shillong respe

Jaiprakash Associates Limited has informed the Exchange that the Shareholders and Creditors of the Company in their respective meetings held on June 06,2006, have approved the proposed Scheme of Amalgamation of Jaypee Greens Limited with the company.

Sah Petroleums Limited has informed the Exchange that Smt. Chaitali Sah, an individual of promoters group person has acquired in aggregate to total 6,37,580 equity shares (face value of Rs.5/- each) of the Sah Petroleums Limited in the open market. After the acquisition, the total number of shares in aggregate and percentage of holding is 6,37,631 and 1.99% of the share capital of Sah petroleums Limited.

Sun Pharmaceuticals Industries Ltd has informed the Exchange that the Scheme of Arrangement between Sun Pharmaceutical Industries Limited (SPIL) and Sun Pharma Advanced Research Company Limited (SPARC) in the nature of demerger and transfer of Innovative Research and Development (Including New Drug Delivery Systems) Business/Unit of SPIL to SPARC with effect from April 01, 2006, circulated among the Equity Shareholders, Preference Shareholders, Secured Creditors, Unsecured Creditors and FCCB holders of the Company along with Notice dated May 03, 2006 has been approved unanimously by Equity Sha

Max India Ltd has informed the Exchange that the formal orders from the Hon'ble High Court of Punjab and Haryana at Chandigarh sanctioning the Scheme of Amalgamtion between the Company and its wholly-owned Subsidiaries, viz, Max Telecom Ventures Limited and Max Asia-Pac Limited, Hongkong have been received. Max India Limited and Max Telecom Ventures Limited have filed certified copies of the aforesaid orders with the Registrar of Companies, Punjab, HP and Chandigarh at Jalandhar on June 06, 2006.

Reliance Communication Ventures Limited has informed the Exchange that the Equity Shareholders of Reliance Communication Ventures Limited at the Meeting convened as per the Order of the Hon'ble High Court of Judicature at Bombay, held on June 03, 2006 have approved with the requisite majority, both in value and number, the Scheme of Amalgamation and Arrangement of Reliance Infocomm Limited and Reliance Communications Infrastructure Limited and Reliance Communications Solutions Private Limited and Reliance Software Solutions Private Limited and Reliance Communications Technologies Limited and A

Great Eastern Shipping Co. Ltd. had informed the Exchange regarding the Scheme of Arrangement between The Great Eastern Shipping Co. Ltd. (G.E.Shipping) and Great Offshore Limited (Great Offsore) under which the Offshore Services business of G.E.Shipping is to be demerged into the resulting company, Great Offshore. The said scheme has been already approved by the Hon'ble High Court of Bombay. Pursuant to clause 35 of the Scheme, the Scheme is to come into force only upon receipt of approvals of any contracting counterparty under a material contract. After sanction of the Scheme by the Hon'ble

Geojit Financial Services Limited has informed the Exchange regarding the following disclosures received from employees regarding purchase or sale of shares of Geojit Financial Services Ltd :- (1) Vasanth Kumar. V has sold 200 shares on May 29, 2006. (2) Sanilkumar K. V. has purchased 100 shares on May 30, 2006. (3) Gracy.K.T has purchased 25 shares on May 31, 2006.

Wipro Ltd has informed the Exchange that the Company has entered into an Agreement on June 01, 2006 to acquire the companies from the owners the Portugese Company - Enabler Informatica S.A and its group companies. The Target Companies are in system integrator space of Retail specific enterprise system. The Company has submitted to the Exchange a copy of press release, dated, June 01, 2006, titled "Wipro acquires leading European Retail Solutions Provider, ENABLER-Acquisition to strengthen Wipro's worldwide Retail solutions portfolio as well as global delivery footprint". The details of the pre

Southern Petrochemicals Industries Corporation Ltd. has informed the Exchange that at the Board meeting held on May 30,2006, the Directors of the Company approved the Scheme of Amalgamation of Tuticorin Alkali Chemicals and Fertilisers Limited with the Company, effective from April 01,2005, subject to the approval of the Shareholders, other approvals, as may be required, and sanction of the Hon'ble High Court of Madras. In the Scheme of Amalgamation, it is proposed that for every 8 (eight) equity shares of Rs 10/- each, fully paid, of Tuticorin Alkali Chemicals and Fertilisers Limited, its sh

Bal Pharma Limited has informed the Exchange that M/s. Taib Securities Mauritius Limited, who is holding equity shares of the Company under FII category, and Mr. Chandrapraksh Siroya, who is holding equity shares of the Company under Promoter Category, has informed the Company that they propose to sell to and buy from each other 3,24,000 shares at prevailing market prices at the Stock Exchange in any of the trading sessions of the week. If the proposed transaction takes place, M/s. Taib Securities Mauritius Limited whose holding before the sale was 3,24,000 (i.e., 3.10% of total paid up share

Indian Oil Corporation Ltd has informed the Exchange that the Shareholders of India Oil Corporation Limited in the meeting convened by the Hon'ble Ministry of Company Affairs (The Competent Authority to approve amalgamation in Government Companies) held on May 29, 2006 overwhelmingly voted 'for' merger of IBP Co. Limited (a subsidiary of Indian Oil) with Indian Oil Corporation Limited.

Sical Logistics Limited has informed the Exchange that the Board of Directors of Sical Logistics Ltd at their meeting held on May 30, 2006 have approved a Scheme of Arrangement for the demerger of Palm Oil division of the Company.

Shiv-Vani Oil & Gas Exploration Services Limited has informed the Exchange that consequent upon amalgamation/merger of SVUL Projects Ltd. with Shiv-Vani Oil & Gas Exploration Services Ltd. vide High Court Order dated March 28,2006, and filed with the Registrar of Companies, NCT of Delhi on May 24,2006, the Company has fixed record date on June 12,2006 for shareholders of SVUL Projects Limited to submit their share certificates to the Company for issuance of shares in the ratio of 44 Equity Shares of nominal value of Rs 10/- each at par in Shiv-Vani for every 100 Equity Shares of nominal value

Sutlej Industries Ltd. has informed the Exchange that Scheme of Arrangement between the Company and Sutlej Textiles and Industries Ltd. has become effective from May 29, 2006 with the filing of the certified copy of Order of Jaipur Bench of the Hon'ble High Court of Rajasthan, by the Company with the ROC, Rajasthan on May 29, 2006 as required under the Companies Act, 1956.

Il&Fs Investsmart Limited has informed the Exchange that the Company has acquired 100% stake in M/s. Tajir Investment & Properties Limited, Mumbai on a 'going concern' basis. Tajir Investment is a Non-Banking Financial Company (NBFC).

Media Video Ltd. has informed the Exchange that the Hon�ble High Court of Delhi at New Delhi, vide its order date dated May 12, 2006, has approved and sanctioned the scheme of Amalgamation of Six other Companies viz. M/s. Acacia Buildwell Pvt. Limited, M/s Valerian Property Developers Pvt. Limited, M/s. Beech Tree Buildcon Pvt. Limited, M/s Kool Auto Pvt. Limited, M/s Paradox Motors Pvt. Limited, and M/s. Sri Venkateshwara Electronics Pvt. Limited (the transferor Companies no. A to F) with M/s Media Video Limited (the transferee Company). The Company further informed that the Directors of the

Bal Pharma Limited has informed the Exchange that M/s. Taib Securities Mauritius Limited, who is holding equity shares of the Company under FII category, has informed the company that they have sold 5,00,000 shares of the Company on May 24,2006 at an average price of Rs. 49.50 per share, at Bombay Stock Exchange. This sale represents 60.68% of their pre sale holding and 4.79% of total paid up share capital of the Company. Their holding before sale was 8,24,000 and after sale was 3,24,000.

Ultratech Cement Limited has informed the Exchange that the company has received an Order from the Board for Industrial & Financial Reconstruction (BIFR) approving the Scheme for the Amalgamation of Narmada Cement Company Limited (NCCL), an unlisted subsidiary of the Company, with the Company. The Finance Commitee of the Board at its meeting held on May 25, 2006 has taken note of the BIFR Order and has fixed June 07, 2006, as the Record Date for the purpose of determining the eligibility of NCCL's sharholders for receiving shares of the Company. As mentioned above, NCCL is an unlisted Company.

Jsw Steel Limited has informed the Exchange that Karnataka State Industrial Investment and Development Corporation Limited (KSIIDC), one of the member of the Promoter Group of the Company, has informed that KSIIDC has sold 4,500 equity shares of the Company during the period from May 09, 2006 to May 17, 2006.

Motherson Sumi Systems Ltd. has informed the Exchange that the amalgamation of Draexlmaier & Motherson Electrical System (India) Limited, a 100% subsidiary of the Company with the Company has been approved by the Hon'ble High Court of Delhi and the merger has become effecive w.e.f. May 16, 2006.

Motherson Sumi Systems Ltd. has informed the Exchange that the shareholders of the Company in their meeting convened on May 20,2006 have approved the amlgamation of Motherson Advance Polymers Limited (100% subsidiary of the Company) with the Company with a modification that the appointed date be changed to February 01,2006 from April 01,2005.

Pioneer Embroideries Limited has informed the Exchange that the Equity Shareholders of the Company at the Court Convened Meeting held on May 15, 2006 have approved the Scheme of Amalgamation of Royal Embroideries Private Limited and Grant Apparel Private Limited with Pioneer Embroideries Limited with clear majority.

Sutlej Industries Ltd. has informed the Exchange that the Hon'ble High Court of Rajasthan, Jaipur has approved the Scheme of Arrangement between the Company and Sutlej Textiles and Industries Ltd.

Indoco Remedies Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 19, 2006, the Company has approved the merger of Indoco Health Care Limited ( the 100% subsidiary of Indoco Remedies Limited), with Indoco Remedies Limited. The Board has also approved the draft Scheme of Merger in relation to the same.

Supreme Petrochem Ltd had informed the Exchange regarding the Company's intention of acquiring 55% shareholding in SHIN HO Petrochemical (India) Ltd. (Target Company) from S H Chemical Company Limited. Rep. of Korea (Seller). The Company has now informed the exchange that pursuant to the provisions of the Share Purchase Agreement between the Seller, the Target Company and Supreme Petrochem Ltd. the Company has on May 18, 2006 acquired 64,87,800 equity shares of the Target Company from the Seller comprising of 55% of the paid-up equity share capital of the Target Company.

Cyber Media (India) Limited has informed the Exchange that the Board of Directors at their meeting held on May 18, 2006 has approved, subject to the approval and directions of the High Court of Delhi and approval of Stock Exchange, shareholders and creditors, a scheme of amalgamation of the Company's wholly owned subsidiaries, namely Cyber Media Digital Ltd and Cyber Media Events Ltd with the Company.

Jsw Steel Limited has informed the Exchange that Karnataka State Industrial Investment and Development Corporation Limited (KSIIDC), one of the member of the Promoter Group of the Company, has informed that KSIIDC has sold 34,000 equity shares of the Company during the period from April 08, 2006 to May 08, 2006.

Bsl Ltd has informed the Exchange that the Board of Directors at its meeting held on May 17,2006 have approved the proposal for amalgamation of BSL Wulfing Ltd. (wholly owned subsidiary) with the Company subject to approval from shareholders & other regulatory authorities. Further, the Company is diversifying into manufacturing of Silk Fabrics for which the Weaving capacity is being enhanced by installing 8 nos Jacquard/Dobby Weaving machines at the estimated cost of Rs. 15 crores. The Company plans to increase its Synthetic and Worsted Spinning capacities by 8000 Spindles at the estimed cost

Shyam Telecom Ltd has informed the Exchange that the company has received order from Hon'ble High Court of Rajasthan approving the Scheme of Arrangement filed earlier by the company without any modification. The main high lights of the Scheme are as follows :- a) Shyam Telecom Manufacturing Limited, a wholly owned subsidiary of the company involved in manufacturing of telecom/transmission equipments amalgamates with Shyam Telecom Limited (the amalgamated company). b) Transfer of liabilities of the amalgamated company to the tune of RS.200 crores and in lieu their of transfer of investments in

Fedders Lloyd Corporation Ltd has informed the Exchange that the Company has acquired a plot measuring 5 Acres in Integrated Industrial Estate Pantnagar for setting up an expansion plant for manufacture of Split AC, Window AC, Vehicular Bodies and Structures.

Rajshree Sugars & Chemicals Ltd has informed the Exchange that the Company has completed the acquisition of M/s Trident Sugars Limited and Trident Sugars Limited has become a wholly owned subsidiary of Rajshree Sugars & Chemicals Ltd..

Revathi Equipment Limited has informed the Exchange that the Company has acquired 26% in the equity capital of Monarch Catalyst Pvt. Ltd., Mumbai, which is engaged in the manufacture of process technology catalyst, for a consideration of Rs.6.24 Crores.

Vip Industries Ltd. has informed the Exchange that at the meeting of the Board of Directors held on May 12, 2006 the Board has: a) Considered the Report submitted by M/s. PricewaterhouseCoopers Pvt. Ltd. and M/s. Chhotalal H. Shah in the context of the subject matter. b) Considered and approved the draft of the Scheme of Amalgamation for the proposed merger of Blow Plast Ltd. with the Company pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956, and other applicable provisions. c) Approved that under the proposed Scheme of Amalgamation, 1 (One) fully paid up equity shar

Blow Plast Ltd has informed the Exchange that at the meeting of the Board of Directors held on May 12, 2006 the Board has: a) Considered the Report submitted by M/s. PricewaterhouseCoopers Pvt. Ltd. and M/s. Chhotalal H. Shah in the context of the subject matter. b) Considered and approved the draft of the Scheme of Amalgamation for the proposed merger of the company with V.I.P. Industries Ltd. pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956, and other applicable provisions. c) Approved that under the proposed Scheme of Amalgamation, 1 (One) fully paid up equity sh

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd.) who is holding 17.24% in the total shareholding of the Company, has sold 500000 shares at Market Price on May 11, 2006. After this transaction the shareholding of M/s. Strategic Ventures Fund (Mauritius) Ltd has come down to 16.30% from 17.24%.

Jb Chemicals & Pharmaceuticals Ltd. has informed the Exchange that Board of Directors in its meeting held on May 10, 2006 have approved amalgamation of Lekar Healthcare Ltd., wholly owned subsidiary into J.B. Chemicals & Pharmaceuticals Ltd., the holding Company.

Suzlon Energy Limited has informed the Exchange that AE-Rotor Holding B.V., The Netherlands ("AE-Rotor") a wholly owned subsidiary of the Company has on May 10, 2006, pursuant to the share purchase agreement dated March 16, 2006 signed between inter alia, the Company, AE-Rotor and the shareholders of Eve Holding NV, Belgium ("Eve Holding"), has completed the purchase of 100% of the share capital of Eve Holding for a consideration of Euro 431.43 Million after having received all requisite approvals for the purchase. By virtue of the acquisition of Eve Holding by AE-Rotor, the Company will get

Usha Martin Limited has informed the Exchange that the Hon'ble High Court at Calcutta has approved the Scheme of Amalgamation of Usha Martin Holding Ltd with the Company vide their order dated April 12, 2006. The certified copy of the said order was received by the Company on May 04, 2006 and the same was filed with the Registrar of Companies, West Bengal making the scheme effective.