Corporate announcements
Every filing companies make on NSE, newest first. Category is assigned from NSE's own label; the PDF link opens the original on NSE.
- 06 Mar 2006 24:00SUVENM&A
Suven Life Sciences Limited has informed the Exchange that the BODs in their meeting held on March 06, 2006 have approved the scheme of merger of Asian Clinical Trials Limited with Suven Life Sciences Ltd., subject to sanction of scheme by the Court, approval(s) of shareholders/creditors and other statutory authorities. The scheme would entail issue and allotment of 37,25,000 equity shares of Rs.2/- each at par in Suven Life Sciences Ltd in the swap ratio of 149 equity shares of Rs.2/- each in Suven Life Sciences Ltd. (Transferee Company) to the shareholders of Asian Clinical Trials Ltd. (Tran
- 03 Mar 2006 24:00KINETICMOTM&A
Billion Ally Limited has informed the Exchange that they have acquired 20,65,000 shares aggregating to 11.12% of the total paid-up capital of Kinetic Motor Company Limited on February 20, 2006. The mode of acquisition is Preferential Allotment and the shareholding of Billion Ally Limited after the said acquisition is 20,65,000 shares aggregating to 11.12% of the total paid-up capital of Kinetic Motor Company Limited.
- 03 Mar 2006 24:00PIDILITINDM&A
Pidilite Industries Ltd has informed the Exchange that Pidilite International Pte. Ltd, Singapore, wholly owned subsidiary (WOS) Company of Pidilite Industries Limited, India has acquired on February 27, 2006, 75% of the paid up capital of "BAMCO Limited". BAMCO Limited is an existing Company incorporated in Thailand and engaged in the business of manufacturing of waterproofing products, Joint Sealants, protective coatings etc.
- 02 Mar 2006 24:00MARKSANSM&A
Marksans Pharma Limited has informed the Exchange that the Company has entered into an MOU with M/s. Nova Pharmaceuticals Limited, Australia for acquisition of majority stake of the Equity Share capital of M/S. Nova Pharmaceuticals Australaisa PTY Limited. To further leverage its manufacturing capabilities and to further strengthen its global foothold, Marksans Pharma has entered into MOU for acquiring majority equity stake in Nova Pharmaceuticals Australaisa pty ltd. This will be one of the first major investments by Marksans in the international pharma market. This acquisition will provide M
- 01 Mar 2006 24:00NARMDCHEMAM&A
Narmada Chematur Petrochem Ltd has informed the Exchange that the Board of Directors of Narmada Chematur Petrochemicals Limited (NCPL), has in its meeting held on February 28, 2006 approved : (1) the Merger of the Company with Gujarat Narmada Valley Fertilizers Company Limited, with the Company i.e NCPL; (2) Draft Scheme of Amalgamation in respect of the proposed Merger of the Company (NCPL) with GNFC; and (3) the Valuation Report determining the exchange ratio in respect of the proposed merger. Upon the Scheme of Merger becoming finally effective, 1 No. of equity share of Rs. 10/- each credit
- 01 Mar 2006 24:00GNFCM&A
Gujarat Narmada Valley Fertilizer Co. Ltd. has informed the Exchange that the Board of Directors of Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC), has in its meeting held on February 28, 2006 approved : (1) the Merger of Narmada Chematur Petrochemicals Ltd. (NCPL), the Subsidiary of the Company, with the Company i.e GNFC; (2) Draft Scheme of Amalgamation in respect of the proposed Merger of NCPL with GNFC; and (3) the Valuation Report determining the exchange ratio in respect of the proposed merger. Upon the Scheme of Merger becoming finally effective, 1 No. of equity share of Rs. 10/- ea
- 28 Feb 2006 24:00HINDUNILVRM&A
Hindustan Lever Ltd. has informed the Exchange that with all the requisite approvals having been obtained, and filing of Order with the Registrar of Companies, the Scheme of Arrangement (Scheme) involving Amalgamation of Vashisti Detergents Limited (VDL) with Hindustan Lever Limited (HLL) has become effective. The Scheme will be operative from the Appointed Date, i.e. July 01, 2005. Pursuant to the said Scheme, those VDL Shareholders whose names appear in its Register of Members as on a Record Date, would be eligible for 1 Equity Share of Re.1/- of HLL for every 10 Equity Shares of Rs.10/- eac
- 28 Feb 2006 24:00SHRENUJM&A
Shrenuj & Co Ltd has informed the Exchange that the Board, at its meeting held on February 27, 2006, has given in principle approval for amalgamation of Moon Diamonds Limited, a wholly owned subsidiary of the Company, Lavanya Jewels Limited and Shrenuj Diamonds Private Limited, associate companies with the Company.
- 27 Feb 2006 24:00MAHINDUGINM&A
Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Hon'ble High Court, Bombay at its hearing held on February 24, 2006 has approved the petition in respect of Scheme of Amalgamation filed by the Company for Amalgamation between Pranay Sheetmetal Stampings Limited, Console Estate & Investments Limited, Valueline Hotels & Resorts Limited with the Company.
- 27 Feb 2006 24:00RPGCABLESM&A
Rpg Cables Ltd has informed the Exchange that the Scheme of Arrangement under Section 391 of the Companies Act, 1956 to be entered with the holders of Fixed Deposits of the Company has been approved at the Court convened meetings of the Fixed Depositors, Equity Shareholders, Secured Creditors and Unsecured Creditors held on February 24, 2006.
- 24 Feb 2006 24:00NAVNETEDULM&A
Navneet Publications Ltd. has informed the Exchange that on February 23, 2006 the Company has filed the certified copy of the Order of Hon'ble High Court, Mumbai, approving the scheme of amalgamation of Navneet Edutainment Ltd., (a Wholly Owned Subsidiary of the Company) with the Company and the Scheme has become effective from February 23, 2006. The Scheme will be operative from the appointed date i.e. June 30, 2005 as stated in the Scheme.
- 24 Feb 2006 24:00VXLM&A
Birla Vxl Limited has informed the Exchange that the Hon'ble High Court of Gujarat vide its Oral Judgement dated February 20, 2006 has sanctioned the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Birla VXL Ltd. and its Existing Lenders, Creditors and Shareholders and OCM India Ltd, and its Shareholders. The Hon'ble High Court of Punjab and Haryana on a petition by OCM India Ltd. (Transferee Company) has also sanctioned the above Scheme on February 23, 2006. However, the Company is awaiting for a copy of the Oral Judgement from them. The Company is making ne
- 22 Feb 2006 24:00AUROPHARMAM&A
Aurobindo Pharma Ltd has informed the Exchange that in view of shift of management focus to highly regulated market, it is proposed to sell/dispose of Unit II (a non-regulatory Unit) of the Company, situated at 103/A, S.V.C.I.E., Industrial Development Area, Bollaram, Jinnaram Mandal, Medak District, A.P. The net block value of this unit as on December 31, 2005 was 0.58% of total net block of fixed assets (including CWIP) of the Company. The Company is convening the EGM of shareholders through postal ballot to seek their approval for the same.
- 20 Feb 2006 24:00ABANM&A
Aban Loyd Chiles Offshore Ltd. has informed the Exchange that Aban Singapore Pte Ltd., a subsidiary of Aban Loyd Chiles Offshore Ltd has completed the acquisition of the Drill Ship on February 17, 2006. Henceforth the Drillship will be named as "ABAN ABRAHAM".
- 20 Feb 2006 24:00UPERGANGESM&A
Upper Ganges Sugar & Industries Ltd has informed the Exchange that the Hon'ble High Courts at Calcutta and Allahabad vide their Orders dated December 07, 2005 and January 19, 2006, respectively, have approved the Scheme of Arrangement for demerger of the Sugar Division of New India Sugar Mills Ltd. into the Company.
- 16 Feb 2006 24:00SAILM&A
Steel Authority Of India Ltd. has informed the Exchange that the Government of India, Ministry of Company Affairs vide its Order dated February 15, 2006 have sanctioned the Scheme of amalgamation of the Indian Iron & Steel Company Limited (IISCO) with SAIL. The appointed date of amalgamation is April 01, 2005. With the filing of the Order of Ministry of Company Affairs with the Registrar of Companies at Delhi and Kolkata on February 16, 2006, the scheme of amalgamation has become effective. As provided in the Scheme of Amalgamation, w.e.f. the appointed date and upon the Scheme becoming effect
- 14 Feb 2006 24:00SUDARCOLORM&A
Colour Chem Ltd has informed the Exchange that the Company has acquired 100% Equity Shares of CHEMTREAT COMPOSITES INDIA PRIVATE LIMITED, and the manufacturing unit at Khopoli, at the cost of Rs.90 Million. CHEMTREAT COMPOSITES INDIA PRIVATE LIMITED is engaged in the business of manufacture of Polysilazane Resins.
- 14 Feb 2006 24:00ESSAROILM&A
Essar Oil Limited has informed the Exchange that the Company had filed petition on August 11, 2005 for confirmation of the proposed Scheme of Arrangement and Compromise between the Company and Scheme lenders under section 391 of the Companies Act, 1956, which was approved by the Scheme lenders at a court convened meeting held on August 09, 2005. In deference to the wishes of the Scheme lenders, the Company has now proposed modification to the Scheme by way of providing option for expeditious payment of dues upto certain amount. The copy of option now proposed to be offered to Scheme lenders, s
- 14 Feb 2006 24:00UPLM&A
United Phosphorous Limited has informed the Exchange that the company has acquired through its subsidiary in Mauritius, Advanta Netherlands Holdings BV, based in Netherlands. Advanta is leading supplier of seeds technologies and seed technologies to major global and regional markets, providing added value to farmers, downstream industries and consumers by combing superior genetics with essential technologies and techniques. With operations in Australia, Asia and South America, Advanta's research and development consists of superior programs and bioscience techniques that have driven the develo
- 08 Feb 2006 24:00MUNJALAUTOM&A
Munjal Auto Industries Limited has informed the Exchange that the Company has filed petition sanctioning Scheme of Arrangement before Hon'ble High Court of Gujarat at Ahmedabad, which shall be listed on February 10, 2006. Similarly, Shivam Autotech Limited (Transferee Company) has also filed petition sanctioning Scheme of Arrangement before Hon'ble High Court of Delhi, which shall be heard on March 24, 2006.
- 07 Feb 2006 24:00HAVELLSM&A
Havells India Limited has informed the Exchange that pursuant to the order of the Hon'ble High Court of Delhi at New Delhi, for the proposed Merger of Crabtree India Limited with Havell's India Limited, Meetings of the Equity Shareholders, Secured and Unsecured Creditors of Havell's India Limited were held on February 03, 2006. The Equity Shareholders, Secured and Unsecured Creditors have given their consents for the proposed Scheme of Amalgamation of Crabtree India Limited with Havell's India Limited.
- 06 Feb 2006 24:00HLVLTDM&A
Hotel Leela Venture Ltd. had informed the Exchange that the BODs of the company have approved the setting up of a new hotel at Pune. The Company has now informed the Exchange that the Company has concluded the acquisition of land at Pune for setting up the said hotel.
- 03 Feb 2006 24:00BGFLM&A
Birla Global Finance Ltd has informed the Exchange that the Scheme of Amalgamation between Birla Global Finance Limited and Aditya Birla Nuvo Limited (formerly Indian Rayon & Industries Limited) and their respective Shareholders and creditors has been sanctioned by the Hon'ble Bombay High Court vide its order dated January 27, 2006. The Transferee Company viz. Aditya Birla Nuvo Limited has also filed the Scheme of Amalgamation between the Company and Aditya Birla Nuvo Limited before the High Court, Gujrat at Ahmedabad which is pending for sanction.
- 02 Feb 2006 24:00ASTRAMICROM&A
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 18.08% in the total shareholding of the Company, has sold 4,44,000 shares at Market Price on February 01, 2006. After this transaction the shareholding of M/s. Strategic Ventures Fund (Mauritius) Ltd has come down to 17.24% from 18.08%.
- 02 Feb 2006 24:00JISLJALEQSM&A
Jain Irrigation Systems Limited has informed the Exchange that the Scrutineers appointed by Chairman of meeting held on orders of High Court of Judicature at Bombay in Company application No. 869/2005, have submitted their report on poll taken on issue of Amalgamation of Terra Agro Technologies Ltd., Coimbatore, with the Company w.e.f. April 01, 2005 and have reported that all members and shareholders present at the meeting have unanimously approved the Scheme of Amalgamation placed before the meeting. The Company is taking steps to submit the Chairman report to hon'ble High Court on the matte
- 02 Feb 2006 24:00IOCM&A
Indian Oil Corporation Ltd has informed the Exchange that the Shareholders of the Company in the meeting convened by the Hon'ble Ministry of Company Affairs (The Competent Authority to approve amalgamation in Government Companies) held on January 27, 2006 overwhelmingly voted in favour of the Scheme of Amalgamation of Indian Oil Blending Limited (a wholly owned subsidiary of Indian Oil) with Indian Oil Corporation Limited.
- 02 Feb 2006 24:00TIRUMALCHMM&A
Thirumalai Chemicals Ltd has informed the Exchange that the Hon'ble Bombay High Court has approved the scheme of Amalgamation of Chemidye Manufacturing Company Private Ltd. (Chemidye) with Thirumalai Chemicals Limited. The certified copy of the Hon'ble High Court order is expected soon which when filed with Registrar of Companies makes the Scheme operational from the appointed date viz; April 01, 2005. Consequent to amalgamation, the undertaking of Chemidye will get transferred to Thirumalai Chemicals Limited with effect from April 01, 2005, the consideration being issue of 2,79,000 Shares of
- 01 Feb 2006 24:00TCSM&A
Tata Consultancy Services Limited has informed the Exchange that the relevant High Courts have approved the Scheme of Amalgamation of Airline Financial Services (India) Limited (AFSL), and TCS Business Transformation Solutions Limited (TCS BTS), and Aviation Software Development Consultancy India Limited (ASDC) with Tata Consultancy Services Limited (TCS) and all formalities connected therewith have been completed on February 01, 2006. The Company has further informed that the Effective Date of the Scheme is February 01, 2006. The Scheme will be operative retrospectively from April 01, 2005, w
- 01 Feb 2006 24:00TCSM&A
Tata Consultancy Services Limited has informed the Exchange that the Record Date for determining the shareholders of Tata Infotech Limited who are entitled to receive one equity share of Tata Consultancy Services Limited of Re.1/- each for two equity shares of Tata Infotech Limited of Rs.10/- each, in accordance with the Scheme has been fixed as February 24, 2006.
- 01 Feb 2006 24:00TCSM&A
Tata Consultancy Services Limited has informed the Exchange that the Hon'ble High Court has on January 27, 2006, approved the Scheme of Amalgamation of Tata Infotech Limited with Tata Consultancy Services Limited ("Scheme") and formalities connected therewith have been completed on February 01, 2006. The Company has further informed that the Effective Date of the Scheme is February 01, 2006. The Scheme will be operative retrospectively from April 01, 2005, which is the Appointed Date under the Scheme.
- 01 Feb 2006 24:00TATAINFOTEM&A
Tata Consultancy Services Limited has informed the Exchange that the Hon'ble High Court has on January 27, 2006, approved the Scheme of Amalgamation of Tata Infotech Limited with Tata Consultancy Services Limited ("Scheme") and formalities connected therewith have been completed on February 01, 2006. The Effective Date of the Scheme is February 01, 2006. The Scheme will be operative retrospectively from April 01, 2005, which is the Appointed Date under the Scheme. The Company has further informed that the Record Date for determining the shareholders of Tata Infotech Limited who are entitled to
- 01 Feb 2006 24:00JISLJALEQSM&A
Jain Irrigation Systems Limited has informed the Exchange that the meeting of shareholders of the Company to consider and approve Scheme of Amalgamation of the Company with Terra Agro Technologies Ltd., Coimbatore w.e.f. April 01, 2005 has been held on January 31, 2006 as per order dated December 23, 2005 of her ladyship High Court Judge at Bombay in Company application. The Chairman appointed for meeting shall now file an affidavit as per prescribed procedure with judicature of High Court at Bombay to enable further proceedings in matter. Therefore, petition for confirmation of Scheme of Amal
- 31 Jan 2006 24:00SUMMITM&A
Kec International Ltd. has submitted to the Exchange a Note on the Scheme of Arrangement entered between KEC International Limited and KEC Infrastructure Limited and KEC Holdings Limited and Bespoke Finvest Limited and their respective shareholders. 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/CorporateAnnouncements).
- 31 Jan 2006 24:00MPHASISM&A
Mphasis Bfl Limited has informed the Exchange that the Karnataka High Court, vide order dated January 16, 2006, has sanctioned the Scheme of Amalgamation and Arrangement between MphasiS BFL Limited and Kshema Technologies Limited. The said order also stands filed with the Registrar of Companies, Karnataka.
- 30 Jan 2006 24:00GREENPLYM&A
Greenply Industries Ltd has informed the Exchange that the Scheme of Amalgamation of Worthy Plywoods Limited with the Company has been approved by the Hon'ble Gauhati High Court vide its order dated January 10, 2006. The above order has been filed with the Registrar of Companies on January 30, 2006 and as such the Scheme of Amalgamation of Worthy Plywoods Limited with the Company, has become effective with the appointed date i.e. from April 01, 2005.
- 30 Jan 2006 24:00MUNJALAUTOM&A
Munjal Auto Industries Limited has informed the Exchange that in the Meetings of the Shareholders, Secured and Unsecured Creditors of Munjal Auto Industries Ltd. (MAIL) held on January 30, 2006 to discuss the Scheme of Arrangement, 100 per cent of the Secured and Unsecured Creditors and 100 per cent of the total number of shareholders present in person / proxies voted overwhelming in favour of the scheme. These 100 per cent of the shareholders present in person / proxies represent 74.82 per cent of the total value of equity shares of the Company. The Scheme of Arrangement proposes that Binola
- 30 Jan 2006 24:00RUCHISOYAM&A
Ruchi Soya Industries Ltd. has informed the Exchange that three Court convened meetings of the equity shareholders of the Company were held on January 25, 2006, to consider the following schemes of Arrangement and Amalgamation :- (1) Composite Scheme of Arrangement and Amalgamation of Anik Industries Private Limited and General Foods Limited and Madhya Pradesh Glychem Industries Limited and Ruchi Health Foods Limited and Ruchi Private Limited and Nutrela Marketing Private Limited and Ruchi Soya Industries Limited and their respective shareholders. (2) Scheme of Amalgamation of Aneja Solvex Lim
- 30 Jan 2006 24:00SIEMENSM&A
Siemens Ltd had informed the Exchange that SVDO stands merged with the Company and the legal entity of SVDO stands dissolved without winding-up. The Company has further informed that in terms of the Scheme of Amalgamation, the Company has to issue 577,617 Equity Shares of Rs.10 each to the Shareholders of SVDO in the ratio of 1:12 (i.e. 1 Equity Share of the Company for every 12 Equity Shares held in SVDO.) The Board of Directors has fixed February 21, 2006 as the Record Date for the purpose of issue of the above Equity Shares to the Shareholders of SVDO and a Committee of the Board of Directo
- 30 Jan 2006 24:00TV18M&A
Television Eighteen India Ltd. has informed the Exchange that Mr. Manoj Mohanka, a Director of the Company has sold 25000 equity shares in the open market thereby reducing his holding from the present 87232 to 62232 equity shares.
- 28 Jan 2006 24:00JIKINDSM&A
Jik Industries Limited had informed the Exchange regarding the filing of a Scheme of Arrangement between the Company and Secured Creditors U/s. 391 of the Companies Act, 1956 with the concerned bodies for necessary approvals. The company has now in this connection informed that for the words "Scheme of Arrangement between the Company and its Secured Creditors", the same be read as "Scheme of Arrangement between the Company and its creditors specified in the Scheme".
- 27 Jan 2006 24:00EASTSILKM&A
Esi Ltd has informed the Exchange that with regards to the Scheme of Amalgamation of Sstella Silks Ltd. and Eastern Jingying Ltd. with the Company, the orders of the Hon'ble High Courts of Kolkata and Karnataka have been issued sanctioning the Scheme. Both the transferor companies have fixed January 27, 2006 as the Record date to determine the shareholders entitled for the shares of ESI Limited in the ratio as fixed under the Scheme.
- 27 Jan 2006 24:00DABURM&A
Dabur India Ltd has informed the Exchange that the Board has allotted 28,66,51,392 equity shares of Re.1 each as Bonus Shares in the ratio of 1:1 to the shareholders holding shares on the Record Date of January 20, 2006. Further, the BODs of the Company has unanimously approved the Scheme of Amalgamation and Arrangement ('Scheme') of Balsara Hygiene Products Limited ('BHPL'), Besta Cosmetics Limited ('Besta') and Balsara Home Products Limited ('Balsara Home') with Dabur India Limited ('Dabur') and their respective shareholders under Sections 391 to 394 and all other applicable provisions of th
- 27 Jan 2006 24:00GESHIPPINGM&A
Great Eastern Shipping Co. Ltd. has informed the Exchange that the Hon'ble High Court of Bombay have on January 27, 2006 approved the Scheme of Arrangement being Demerger of the Offshore Services Business of the Company into a "Great Offshore Limited". In accordance with the Scheme the Company has to comply with the conditions precedent and upon fulfillment of those conditions precedents the BODs shall announce the EFFECTIVE DATE of Demerger, whereupon the Offshore Services Business will stand vested into "Great Offshore Limited" from the Appointed date namely April 01, 2005. Other provisions
- 27 Jan 2006 24:00RENUKAM&A
Shree Renuka Sugars Limited has informed the Exchange that the Company has taken on lease a sugar manufacturing unit of the capacity of 1250 TCD of Alland Sahakari Sakkare Karkhane (N), Dist : Gulbarga Karnataka State, for a period of seven years starting from sugar season 2005-06 to 2011-12.
- 25 Jan 2006 24:00FEDERALBNKM&A
The Federal Bank Ltd has informed the Exchange that the Government of India vide its notification no.F No.15/1/2006-BOA(i) and (ii) dated January 24,2006 approved the scheme of amalgamation of Ganesh Bank of Kurundwad Ltd. with Federal bank Ltd. The scheme of amalgamation is effective from January 25,2006.
- 24 Jan 2006 24:00XCHANGINGM&A
Scandent Solutions Corporation Limited has informed the Exchange that the secured creditors, unsecured creditors and the equity shareholders of the Company, at the Court convened meeting held on January 23, 2006 have approved the scheme of Amalgamation of Cambridge Services Holdings LLC with Scandent Solutions Corporation Limited.
- 24 Jan 2006 24:00KANSAINERM&A
Goodlass Nerolac Paints Ltd has informed the Exchange that the BODs of the Company, at its meeting held on January 24, 2006 has approved in principle a proposal for the amalgamation of Polycoat Powders Ltd. (PPL), with the Company and the appointment of Valuer for the purpose of determination of the swap ratio. PPL is an unlisted company and is a wholly owned subsidiary of Kansai Paint Co. Ltd., Japan, the holding Company of Goodlass Nerolac Paints Ltd. The amalgamation is subject to the determination of the swap ratio, the approval of the same by the Board and also the approval of the Scheme
- 24 Jan 2006 24:00UNIVCABLESM&A
Universal Cables Ltd has informed the Exchange that the BODs in their meeting held on January 24, 2006 have approved in-principle the merger of Optic Fibre Goa Limited with the Company subject to the detailed evaluation of the proposal and necessary approvals from the appropriate authorities. Optic Fibre Goa Limited is a Joint Venture between Vindhya Telelinks Limited, Birla Ericsson Optical Limited and the Company is engaged in manufacture of Optical Fibres which is finding increased application in telecom and power cable industry.
- 23 Jan 2006 24:00MCLEODRUSSM&A
Mcleod Russel India Limited has informed the Exchange that the Company has on January 23, 2006 signed the Share Purchase Agreement with Hindustan Lever Limited pursuant to which the Company has acquired the entire Equity Share Capital of Doom Dooma Tea Company Limited. Accordingly with effect from January 23, 2006 Doom Dooma Tea Company Limited has become a whollyowned subsidiary of McLeod Russel India Limited.
- 23 Jan 2006 24:00PENINLANDM&A
Morarjee Realties Limited has informed the Exchange that the Scheme of Arrangement and Amalgamation between Piramal Holdings Limited ("PHL"), Piramyd Retail and Merchandising Private Limited and Morarjee Realties Limited ("MRL") has received the sanction of the Hon'ble High Court of Mumbai. Under the Scheme, shareholders of PHL would be entitled to receive 2 equity shares of MRL for every 1 equity share held by them in PHL as on the record date. For the same, the Company (in consultation with the PHL Board) has fixed January 31, 2006 as the Record Date for determining the members of PHL who wi