TREADS

Treadsdirect Limited had informed the Exchange regarding a meeting of the Board of Directors of the Company to be held on January 06, 2011 to consider the un-audited financial results of the Company for the quarter and nine months ended December 31, 2010. The Company has now informed the Exchange that the Hon'ble High Court of Judicature at Madras has approved the Scheme of Amalgamation and Arrangement between the Company- Treadsdirect Limited and Elgi Rubber Company Limited and Elgi Rubber International Limited and Titan Tyrecare Products Limited and Treadsdirect (India) Limited vide its orde

Treadsdirect Limited has informed the Exchange that the Board of Directors at their meeting held on July 10, 2010 have taken the following decisions: 1) To restructure the business of the Company with effect from April 1, 2010 through a Composite Scheme of Arrangement and Amalgamation by amalgamating the Company along with Elgi Rubber Company Ltd into Elgi Rubber International Limited a Company which will eventually be listed on the National Stock Exchange of India Limited, Mumbai. 2) De-merging certain divisions of the Company to Treadsdirect (India) Limited which will become a Wholly Owned S