NAHAREXP

Nahar Exports Ltd has informed the Exchange that: "The Hon'ble Punjab & Haryana High Court at Chandigarh vide its Order dated 21st Dec., 2006 has sanctioned the Scheme of Demerger and Arrangement between Nahar Spinning Mills Limited and Nahar Exports Limited. The appointed date of the said demerger and arrangement as approved by the Hon'ble High Court is 1st day of April, 2006. Further we would like to inform you that as per the Scheme of Demerger and Arrangement sanctioned by the Hon'ble High Court, upon demerger and transfer of textile undertaking of Nahar Exports Limited to Nahar Spinning M

Nahar Exports Ltd has informed the Exchange that the Hon'ble Punjab & Haryana High Court vide its Order dated August 17,2006 has directed the company that seperate meeting(s) of the Equity Shareholders, Secured and Unsecured creditors be held for the purpose of considering, and if thought fit, approving with or without modification, the composite scheme of Demerger and Arrangement between Nahar Exports Limited, Nahar Spinning Mills Limited and Nahar Capital and Financial Services Limited. The company has further informed the Exchange that in pursuance of the said order and as directed therein,