PROVOGUE

Provogue (India) Limited has informed the Exchange that the Hon'ble High Court of Bombay, vide its order passed on February 10, 2012, has sanctioned the Composite Scheme of Arrangement and Amalgamation between Provogue (India) Limited (Demerged Company), Prozone Enterprises Private Limited (Transferee Company). The appointed date of the Scheme is April 01, 2011.

Provogue (India) Limited has informed the Exchange that "Provogue (India) Limited acquired a majority stake in Sporting and Outdoor Ad-Agency Pvt. Ltd. Sporting and Outdoor Ad-Agency Pvt. Ltd is engaged in the business of outdoor advertising and publicity. The business was earlier carried out as a Partnership concern wherein Provogue (India) Limited was a partner and subsequent to the restructuring of the business as a Corporate entity, the Company took a majority stake".

Provogue (India) Limited has informed the Exchange that: "The Company acquired a majority stake in Pronet Interactive Pvt. Ltd, which is engaged in the business of developing social networking websites".

Provogue (India) Limited has informed the Exchange that "Prozone Enterprises Pvt. Ltd., the subsidiary of Provogue (India) Limited, acquired majority stakes in two companies as per the following details to develop properties for commercial purposes including development of mall : (1) Prozone Enterprises Pvt. Ltd. acquired a majority stake in the equity share capital of Omni Infrastructure Pvt. Ltd, Indore, which will act as a Special Purpose Vehicle, to develop properties for commercial purposes at Indore. (2) Prozone Enterprises Pvt. Ltd, acquired majority stake in the equity capital of Hagwo

Provogue (India) Limited has informed the Exchange that at the meeting of the Board of Directors held on December 21, 2005 decision to acquire shares of PROZONE ENTERPRISES PRIVATE LIMITED to make it 100% subsidiary of the Company i.e. Provogue (India) Limited was taken.