GMRINDSTRS

Gmr Industries Limited has informed the Exchange that the Hon'ble High Court of Andhra Pradesh has passed orders approving the Scheme of Arrangement between Bharat Sugar Mills Limited (Transferor Company) and GMR Industries Limited (Transferee / Demerged Company) and GMR Ferro Alloys & Industries Limited (Resulting Company). The respective Companies have completed the filing of Certified True Copy of the Court Order along with the Copy of the Scheme of Arrangement with the Registrar of Companies, Andhra Pradesh on May 15, 2007 (effective date). The aforesaid Scheme of Arrangement comes into ef

Gmr Industries Limited has informed the Exchange that "We thank you for according your "No Objection" for the proposed Scheme of Arrangement between Bharat Sugar Mills Limited, GMR Industries Limited, GMR Ferro Alloys & Industries Limited and their respective shareholders. We confirm that we have reveived "No objection Certificate" from all the three Stock Exchanges i.e. BSE, NSE and HSE ( copies enclosed). Further to the above, we have filed an application in the Hon'ble High Court of Andhra Pradesh on 6th December, 2006. As informed, the said Secheme of Arrangement comprises : Section A - de

Gmr Industries Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on August 12, 2006 have taken the following decisions. (i) To de-merge the Ferro Alloys Division to a Separate Company "GMR Ferro Alloys & Industries Limited", subject to approvals from Shareholders, Stock Exchanges and High Court of Andhra Pradesh and other authorities as may required. The Board has approved the adoption of the Valuation Report submitted by M/s. Deloitte Haskins and Sells (DHS) which forms the basis for the issue of shares to the members of the demerged company (G

BSML, currently, is a subsidiary of the Company, which is implementing a project for construction of an Integrated Sugar Complex with 3500 Tonnes Crushing per Day (TCD) expandable to 5000 TCD, Cogeneration Power Plant with 24 MW and 45 KLD of Distillery Plant at a cost Rs. 274 Crores. The appointed date of merger is April 01, 2006.