NARMDCHEMA

Narmada Chematur Petrochem Ltd has informed the Exchange that: "The Hon'ble High Court of Gujarat has sanctioned the Scheme of Amalgamation of the Company (NCPL) with its holding Company GNFC (Gujarat Narmada Valley Fertilizers Co. Ltd.). A certified copy of the Order of the Hon'ble High Court of Gujarat sanctioning the Scheme of Amalgamation as aforesaid has been received by the Company on 9th February, 2007 and the same has been filed with the office of Registrar of Companies, Gujarat on 15th February, 2007. As such, the Amalgamation of the Company with GNFC has become effective from the sai

Narmada Chematur Petrochem Ltd has informed the Exchange that the Board of Directors of Narmada Chematur Petrochemicals Limited (NCPL), has in its meeting held on February 28, 2006 approved : (1) the Merger of the Company with Gujarat Narmada Valley Fertilizers Company Limited, with the Company i.e NCPL; (2) Draft Scheme of Amalgamation in respect of the proposed Merger of the Company (NCPL) with GNFC; and (3) the Valuation Report determining the exchange ratio in respect of the proposed merger. Upon the Scheme of Merger becoming finally effective, 1 No. of equity share of Rs. 10/- each credit

Narmada Chematur Petrochem Ltd has informed the Exchange that the BODs of the Company at their meeting held on October 27, 2005 has decided to explore the possibility of amalgamation of the Company with Gujarat Narmada Valley Fertilizers Co. Ltd. (G.N.F.C.), the holding Company to enable the Board to take an appropriate decision in the matter at a suitable time. The Company is a subsidiary of GNFC by virtue of GNFC holding 56.45% of equity share capital of the Company.