VARDHMNSPG

Vardhman Spinning & General Mills Ltd has informed the Exchange of the Scheme of Arrangement and Demerger between Vardhman Spinning and General Mills Limited and Mahavir Spinning Mills Limited. The Details of the Scheme is as follows:- 1) The Scheme of Arrangement and Demerger, whereby the Textile business of Vardhman Spinning and General Mills Limited (Transferor Company) vests in Mahavir Spinning Mills Limited (Transferee Company) with effect from April 01, 2004 has been sanctioned by the Hon'ble High Court of Punjab and Haryana at Chandigarh vide its Order dated March 04, 2005 which has bee

5) Shareholders having shares in physical/certificate form shall have the option, to be exercised by way of giving a notice to the Transferor and Transferee companies, of having the fresh shares either in certificate form or in dematerialized form. This option can be exercised on or before April 22, 2005.