HIMACHLFUT

Himachal Futuristic Communications Limited has informed the Exchange that the Hon'ble High Court of Himachal Pradesh at Shimla has sanctioned the Composite Scheme of Arrangement and Amalgamation of Sunvision Engineering Company Private Limited its Shareholders & Optionally Convertible Debenture Holder into Himachal Futuristic Communications Limited and its Shareholders vide its order passed on January 05, 2011.

Himachal Futuristic Communications Limited has submitted to the Exchange a copy of the Notice of the hearing of confirmation Petition published in the newspaper on December 06, 2010 in connection with the proposed amalgamation of Sunvision Engineering Company Private Limited into the Company.

Himachal Futuristic Communications Limited has informed the Exchange that "the Equity Shareholders, Preference Shareholders, Secured Creditors and Unsecured Creditors of the Company have approved the Composite Scheme of Arrangement and Amalgamation of Sunvision Engineering Company Private Limited its Shareholders and Optionally Convertible Debenture Holders into Himachal Futuristic Communications Limited and its Shareholders with requisite majority as required under Section 391 to 394 of the Companies Act, 1956 at their respective meetings held on November 26, 2010 at Mushroom Centre, Chambagh

Himachal Futuristic Communications Limited had informed the Exchange that the Board of Directors of the Company has given its in-principle approval to evaluate the proposal of amalgamation of Sunvision Engineering Company Pvt Limited ("Sunvision") into Himachal Futuristic Communications Limited ("the Company"). The Company has now informed that, Amalgamation: Subsequently, Amalgamation Committee of Directors had given its recommendations to the Board of Directors of the Company to amalgamate Sunvision into the Company. The Board of Directors at their Meeting held on September 21, 2010 has give

Himachal Futuristic Communication Ltd has informed the Exchange that Goldman Sachs Investments Mauritius I Ltd. has acquired 18,887,500 shares (One crore eighty eight lakh seven thousand five hundred shares) of Himachal futuristic Communications Ltd., amounting to 5.39% of issued and outstnading share capital of HFCL. This acquisition has been done through Open Market Purchases, as per communication received from the said buyer. The company has further informed that the second & final tranche amounting to US$10 min (100 FCCBs of US$100,000 each) of HFCL's US$43 min FCCB Offering has been allot