NAGARFERT

Nagarjuna Fertilizer & Chemicals Limited has informed the Exchange that as per the order of Hon'ble High Court of Andhra Pradesh dated March 04, 2011 a Court convened meeting of the Members of the Company was held on April 15, 2011 and the composite Scheme of arrangement and amalgamation was approved by requisite majority.

Nagarjuna Fertilizer & Chemicals Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on January 10, 2011, considered and approved a Composite Scheme of Arrangement and Amalgamation of lkisan Limited (ikisan) and Kakinada Fertilizers Limited (KFL) and Nagarjuna Fertilizers and Chemicals Limited (NFCL) and Nagarjuna Oil Refinery Limited (NORL) and their respective shareholders and creditors ("the Scheme") under Sections 391 to 394 and other applicable provisions of the Companies Act, 1956. The Scheme envisages demerger of the Oil Business Undertakin

Nagarjuna Fertilizer & Chemicals Ltd. has informed the Exchange that the members of the Company at the Annual General Meeting held on September 17, 2009 had approved the proposal to acquire 50,000 equity shares of Rs. 10/- each amounting to Rs.5,00,000/- in the equity share capital of Kakinada Fertilizers Limited, a company incorporated under the Companies Act, 1956 and involved in micro-irrigation, fertilizers and other agri-inputs. Further, Kakinada Fertilizers Limited is wholly owned subsidiary of NFCL with effect from December 15, 2009.

Nagarjuna Fertilizer & Chemicals Ltd. has informed the Exchange that the Board of Directors at their Meeting held on July 23, 2009 considered and approved, subject to the approval of the members at the Annual General Meeting scheduled to be held on September 17, 2009, the proposal to acquire 50,000 equity shares of Rs. 10/- each amounting to Rs.5,00,000/- in the equity share capital of Kakinada Fertilizers Limited (KFL), a company incorporated under the Companies Act, 1956 and involved in micro-irrigation, fertilizers and other agri-inputs.

Nagarjuna Fertiliser & Chemicals Ltd. has informed the Exchange that the High Court of Andhra Pradesh has approved the merger of Nagarjuna Palma India Limited (NPIL) with Nagarjuna Fertilisers and Chemicals Ltd..

Nagarjuna Fertiliser & Chemicals Ltd.(NFCL) has informed the Exchange that at the Board Meeting held on October 09, 2004, 1) The BoD's of NFCL and Nagarjuna Palma India Limited (NPIL) have approved the merger of the two companies; 2) The effective date of the Merger is October 01, 2004; 3) The BoD's of the companies approved the exchange ratio of five equity shares of Rs.10/- each fully paid-up held in NPIL for four equity shares of Rs.10/- each fully paid-up to be issued by NFCL on the Record Date to be fixed by the BoD's of NFCL; 4) The above exchange ratio was based on the valuation jointly