SUNDRMCLAY

Sundaram Clayton Ltd has submitted to the Exchange a detailed note on the Scheme of Arrangement between the Company and WABCO-TVS (INDIA) Limited and their respective shareholders and creditors. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/sundaram_scheme_020408.zip target=NEW> For more details click here.</a>

Sundaram Clayton Ltd has informed the Exchange that in pursuance to the Order of the Hon'ble High Court of Madras, vide its order dated February 20, 2008, sanctioning the Scheme of Arrangement between the Company and WABCO-TVS (INDIA) Limited and their respective shareholders and creditors, all the assets, liabilities, duties, rights, obligations of every description of the demerged undertaking, namely the brakes business of Sundaram-Clayton Limited (SCL), stands transferred to and vested in WABCO-TVS and in consideration of such vesting, the share capital of both WABCO-TVS and SCL are reorgan

Sundaram Clayton Ltd has informed the Exchange that the Hon'ble High court of Madras vide its order dated February 20, 2008 has sanctioned the Scheme of Arrangement between the Company and WABCO-TVS (INDIA) Limited and their respective shareholders and creditors. The certified copy of the Hon'ble High Court of Madras has been filed with the Registrar of Companies, Chennai, Tamilnadu (ROC), on March 28, 2008, and hence the Scheme has become effective from March 28, 2008, being the 'effective date' as defined under the Companies Act, 1956.

Sundaram Clayton Ltd has informed the Exchange with reference to the Scheme of Arrangement between Sundaram-Clayton Limited (SCL) and WABCO-TVS (India) Limited (WABCO-TVS) and their respective shareholders and creditors that "The Hon'ble High Court of Madras has on 20th February 2008 pronounced the Order sanctioning the Scheme of Arrangement and we will be receiving the order soon. Once we receive the order and file the same with the Registrar of Companies, Chennai, Tamil Nadu, the Scheme will become effective from that date, being the 'effective date' as defined under the Scheme."

Sundaram Clayton Ltd has informed the Exchange that: "The Board of Directors of the Company, at their meeting held earlier today (May 14, 2007), approved the Scheme of arrangement between the Company and its wholly owned subsidiary, WABCO-TVS (INDIA) LIMITED and their respective shareholders and creditors, subject to all requisite or necessary approvals / sanctions including under and in accordance with sections 391-394 of the Companies Act, 1956". Further the company has submitted to the Exchange the salient features of the Scheme of arrangement approved by the Board subject to the aforesaid