SRERAYHIST

Sree Rayalaseema Hi-Strength Hypo Limited has informed the Exchange that the Scheme of arrangement under section 391 to 394 of the Companies Act, 1956 has been sanctioned by the Honurable High Court of Andhra Pradesh vide its order dated June 15,2006 and the same has been considered and taken on record by the company in the Board Meeting held on July 25,2006. As per the Scheme the chemical unit of the Company will be transferred to SARAC Chemicals Limited and hence the final audited results after implementation of the scheme will be considered and declared by the Board later. Hence, there will

(4) The share entitlement ratio as per the valuation report rendered jointly by M/s Deloitee Haskins and Sells and M/s Praturi & Sriram, Chartered Accountants and the restructuring of share capital of the Demerged Companies consequent on demerger are briefly given hereunder. (i) The Equity shareholders of SRHHL, SRDKL and BIL would be allotted one, twenty nine and twenty six Equity shares of Rs.10/- each fully paid up in the share capital of SARAC for every four, hundred and hundred Equity shares of Rs.10/- each paid up held by them in SRHHL, SRDKL and BIL respectively. (ii) As a consequence o

Sree Rayalaseema Hi-Strength Hypo Limited has informed the Exchange that the BODs of the Company at their meeting held on August 31, 2005 approved the Scheme of Arrangement between Sree Rayalaseema Hi-Strength Hypo Limited (SRHHL), Sree Rayalaseema Dutch Kassenbouw Limited (SRDKL) and Brilliant Industries Limited (BIL), the Demerged Companies and SARAC Chemicals Limited (SARAC), the Resulting Company and their respective shareholders. The appointed date for the scheme is April 1, 2005. The salient features of the scheme are: (1) The chemical business undertakings of SRHHL, a listed Company and