CLARIANT

Clariant (India) Ltd has informed the Exchange that pursuant to the Order dated October 28, 2005, in C.A. No.699 of 2005 passed by the High Court of Judicature at Bombay, the meeting of the shareholders of the Company was convened and held on December 09, 2005. The resolution in respect of amalgamation of Clariant (India) Limited, Vanavil Dyes and Chemicals Limited, BTP India Private Limited and Kundalika Investments Limited with Colour-Chem Limited, was put to vote by poll and has been approved by the Members present and voting either by person or by proxy or by representation at the meeting

Clariant (India) Ltd has informed the Exchange that the BODs of the Company at their meeting held on September 16, 2005, considered the amalgamation of the Clariant group of companies in India namely Clariant (India) Limited, BTP India Private Limited, Colour-Chem Limited and its subsidiaries Vanavil Dyes and Chemicals Limited and Kundalika Investments Limited. The Company has further informed that the BODs of Clariant (India) Limited, has decided to merge itself into Colour-Chem Limited. Based on the Joint valuation report dated September 16, 2005 of M/s Bansi S. Mehta & Co., Chartered Accoun

Clariant (India) Ltd has informed the Exchange that the BODs of the Company at their meeting held on August 29, 2005 considered the proposal and decided to amalgamate the Clariant group of companies in India namely Clariant (India) Limited, BTP India Pvt. Limited, Colour-Chem Limited and its subsidiaries namely Vanavil Dyes and Chemicals Limited & Kundlika Investments Limited. Further, the Board decided to appoint M/s. Bansi S. Mehta & Co., Chartered Accountants and M/s. N.M. Raiji & Co., Chartered Accountants as the valuers for determining the "swap ratio" for the purpose of the amalgamation.