FLEXCHEM

Fcl Technologies & Products Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20,2006 has, subject to the necessary approvals as may be required under applicable laws and subject to approval of the Board of Directors of Flex Industries Limited (FIL), approved the Scheme of Arrangement under section 391-394 of the Companies Act, 1956 as under: Amalgamation of FCL Technologies & Products Limited (FCL) with FIL. In terms of the share valuation jointly done by N M Raiji & Co & BSR & Co, Chartered accountants, the consideration of the amalgamati

Fcl Technologies & Products Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on April 04, 2006 have in principal approved a restructuring proposal for merger of FCL Technologies & Products Limited, Flex Engineering Limited and Flex Securities Limited with Flex Industries Limited subject to approvals of the Board of Directors of respective companies and such other approvals as may be required in this regard.

Fcl Technologies & Products Limited has informed the Exchange that the BODs at their meeting held on October 26, 2005 has approved the Company's proposal for setting up an industrial unit in the state of Uttar Pradesh for manufacture of ethyl alcohol and other allied products subject to necessary approvals.