KOJAMFIN

Kojam Fininvest Limited has informed the Exchange that "The Scheme of Arrangement and Amalgamation of the Company with Gujarat Glass Limited has been approved by the Hon'ble Bombay High Court on August 10, 2007 and Hon'ble High Court of Gujarat at Ahmedabad on August 27, 2007".

Kojam Fininvest Limited had informed the Exchange regarding convening of the meeting of the shareholders on June 04, 2007 for approving the Scheme of Arrangement and Amalgamation ("Scheme") of Kojam Fininvest Limited ("Kojam" or "the Company") with Gujarat Glass Limited in accordance with the directions of the Hon'ble High Court of Gujarat at Ahmedabad. The Company has now informed the Exchange that "At the said meeting held on 4th June, 2007, the Scheme has been approved by the shareholders unanimously".

Kojam Fininvest Limited has informed the Exchange on January 31, 2007 that "The board of Directors of the Company at its meeting held today has considered and approved the following proposal : (a) Amalgamation of Kojam Fininvest Limited ("KFL" or "the Company") with Gujarat Glass Private Limited (being converted into a public limited company)('GGL') which is an unlisted subsidiary of the Company, pursuant to Section 391-394 of the Companies Act, 1956. (b) The Appointed Date for the merger will be April 1, 2007. (c) The share exchange ratio of 0.9317 equity share of Rs. 10/- of GGL for 1 (One)

Kojam Fininvest Limited has informed the Exchange that "promoters of our Company have acquired 34,60,000 Equity Shares representing 20% of total Equity Share Capital in Gujarat Glass Private Limited, a subsidiary of Kojam Fininvest Limited".

Kojam Fininvest Limited has informed the Exchange that the Company have acquired 34,60,000 Equity Shares being 20% of total Equity Share Capital in Gujarat Glass Private Limited, a subsidiary of Kojam Fininvest Limited.