INDORAMTEX

Indo Rama Textiles Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on July 19, 2006 approved :- (i) the draft Scheme of Amalgamation of the Company with Spentex Industries Ltd. (ii) the swap ratio which shall be 90 equity shares of Rs.10/- each of M/s. Spentex Industries Ltd. for every 100 shares of the Company.

Indo Rama Textiles Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on May 31, 2006 approved the following items in addition to the regular items: (i) approved to open Corporate Office of the Company at A - 60, Okhla Industrial Area Phase II, New Delhi 110 020. (ii) subject to requisite approvals to change the name of the Company. (iii) approved the proposed merger / amalgamation between the Company and M/s Spentex Industries Ltd. (iv) approved to appoint committee to finalize the Scheme of Amalgamation. (v) approved to de-list company equity