MORARJETEX

Morarjee Textiles Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on April 28, 2010 have considered and approved the Scheme of Amalgamation between Integra Apparels and Textiles Limited (IATL) (a 100% subsidiary of the Company) and the Company and their respective shareholders ('the Scheme') under sections 391 to 394 of the Companies Act, 1956. The salient feature of the scheme are as under: (1) Appointed date for amalgamation is January 01, 2010. (2) No shares are proposed to be issued pursuant to the Scheme since IATL, is a wholly owned subs

Morarjee Textiles Limited has informed the Exchange vide its letter dated March 08, 2010 that:"The Board of Directors of the Company at its meeting held today resolved that the Company should consider and evaluate the merger of its subsidiary Integra Apparels and Textiles Limited ('IATL') with the Company. IATL is engaged in the business of manufacturing of readymade garments for the domestic and international markets. Currently, the Company holds 94.31% of the equity capital of IATL .The Board suggested that valuers be appointed to determine the share exchange ratio and fair opinion on the va