VXL

Birla Vxl Limited had informed the Exchange that the Board of Directors of the Company at their meeting held on April 04, 2006 have fixed May 05, 2006, as the Record Date for the purpose of reorganization of the existing Equity Share Capital of the Company, pursuant to the vesting of OCM Division in OIL as per Clause 5(a)(I) of the Scheme of Arrangement. The Company has now reproduced relevant Clause 5 of Part III of the Scheme of Arrangement relating to reorganization of the Share Capital of the Company. The details of the same shall be available on the NSE website (http://www.nseindia.com) u

12-APR-2006 : To consider issue/allotment of upto 2,48,40,000 Equity Shares of Rs.10/- each to the Existing Lenders of the Company and upto 61,60,394 Equity Shares of Rs.10/- each, at such price as may be determined in accordance with Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 in terms of the Scheme of Arrangement sanctioned by the Hon'ble High Court of Gujarat, which has become effective from March 30, 2006.

Birla Vxl Limited had informed the Exchange that the Hon'ble High Court of Gujarat vide its oral judgement dated February 20,2006 has sanctioned the scheme of arrangement between the company and its existing lenders,creditors and shareholders and OCM India Ltd.(OIL) and its shareholders(Scheme) and the Hon'ble High Court of Punjab and Haryana, on a petition filed by OIL, has also sanctioned the above scheme on February 23,2006. In this connection, the Company has now informed that the certified copies of the Orders have been obtained and filed by the Company and OIL with the respective Regist

Birla Vxl Limited has informed the Exchange that the Hon'ble High Court of Gujarat vide its Oral Judgement dated February 20, 2006 has sanctioned the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Birla VXL Ltd. and its Existing Lenders, Creditors and Shareholders and OCM India Ltd, and its Shareholders. The Hon'ble High Court of Punjab and Haryana on a petition by OCM India Ltd. (Transferee Company) has also sanctioned the above Scheme on February 23, 2006. However, the Company is awaiting for a copy of the Oral Judgement from them. The Company is making ne

Birla Vxl Limited has informed the Exchange that the adjourned meeting of the Unsecured Creditors was held on September 20, 2005. In terms of the Order of the Hon'ble High Court of Gujarat, the report of the Chairman has been filed relating to the said meeting with the Hon'ble High Court of Gujarat at Ahmedabad on September 26, 2005. As per the report, the Unsecured Creditors of the Company have approved the Scheme unanimously. The Company has further informed that a Petition under Section 391 to 394 of the Companies Act, 1956 for sanctioning the arrangement embodied in the Scheme of Arrangem

Birla Vxl Limited has informed the Exchange that the BODs of the company at their meeting held on January 31,2005 has approved a Scheme of Arrangement in terms of Section 391,394 and other applicable sections of the companies act,1956 between the company and its secured creditors, shareholders and OCM India Ltd.,a wholly owned subsidiary of the company for restructuring/reorganizing its secured loans/capital structure and for transfer/vesting of Amritsar Division of the Company to OCM India Ltd.,a wholly owned Subsidiary, subject to necessary statutory and other approvals .The Board has also a

Birla Vxl Limited has informed the Exchange that the Company has divested its entire shareholding of 9310596 Equity Shares of Rs.10/- each (75.32%) held by it in Sidharth Soya Products Ltd., its Subsidiary Company, in favour of Noble Grain (India) Pvt. Ltd. As a consequence, Sidharth Soya Products Ltd. has ceased to be Subsidiary of the Company from October 14, 2004.