IGFLFERT

Indo Gulf Fertilisers Limited has informed the Exchange that the fulfillment of the conditions precedent to the Scheme of amalgamation between Indo Gulf Fertilisers Limited and Aditya Birla Nuvo Limited and their respective shareholders and creditors(the "Scheme") have been taken on record by the Board of Directors of the Company at their meeting held on April 03,2006 and at the said meeting the Board of Directors have declared the Effective Date for the Scheme to be April 03, 2006. The Board has also confirmed April 19, 2006 as the Record Date ascertaining the entitlement for the issue and al

Indo Gulf Fertilisers Limited has informed the Exchange that the Equity Shareholders of the Company, at their Court convened meeting held on November 28, 2005 have approved the Scheme of Amalgamation between Indo Gulf Fertilisers Limited and Aditya Birla Nuvo Limited (formely Indian Rayon and Industries Limited) with requisite majority.

Indo Gulf Fertilisers Limited has informed the Exchange that a meeting of the BODs of the Company was held on September 11, 2005, at which the proposal to amalgamate the entire business and undertaking of Company into Indian Rayon and Industries Limited ("IRIL") in terms of scheme of amalgamation under section 391-394 of the Companies Act 1956 was considered and approved. The proposed scheme of amalgamation provides that upon its sanction, the merger will take effect from the Appointed Date i.e. September 01, 2005 ("the Appointed Date"). All assets, liabilities and obligations of the Company a