Weizmann Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 26, 2010, considered and approved the Scheme of Arrangement ('Scheme') between Karma Energy Ltd ('KEL') and Weizmann Forex Ltd ('WFL') and Weizmann Ltd ('WL') and Karma Wind Power Ltd ('KWPL') and Chanakya Holdings Ltd ('CHL') which, inter alia, involves the following: 1. Merger of KEL and WFL with WL: (a). The Merger Appointed Date for the merger will be opening hours of business on April 01, 2009. (b). Since KEL is wholly owned subsidiary of WL, no consideration shall be paid in respect of merger of KEL with WL. (c). In respect of the merger of WFL with WL, 9 fully paid up equity share of Rs 10 each of WL shall be allotted to the holders of every 10 equity shares of Rs 10 each in WFL. (d). The above share exchange ratio has been determined based on the valuation report of M/s N. A. Shah Associates, Chartered Accountants and fairness opinion by Fedex Securities Ltd. The Scheme is subject to requisite consent / approval of the requisite majority of the shareholders, lenders, creditors of the companies, the Hon'ble High Court of Bombay, the permission or approval of the Central Government or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. Weizmann Limited has informed the Exchange that the Hon'ble High Court of Bombay has, on October 29, 2010, sanctioned the Composite Scheme of Arrangement between Karma Energy Limited and Weizmann Forex Limited and Weizmann Limited and Karma Wind Power Limited and Chanakya Holdings Limited and their respective shareholders u/s 391 to 394 of the Companies Act, 1956. (As Per NSE Bulletin dated on 02.11.2010) Weizmann Limited has informed the Exchange that 'In accordance with the terms of the Composite Scheme of Arrangement between Karma Energy Limited and Weizmann Forex Limited and Weizmann Limited and Karma Wind Power Limited and Chanakya Holdings Limited under Sections 391-394 of the Companies Act, 1956 ('Scheme of Amalgamation'), The Board of Directors at their meeting held today allotted to the eligible members of Weizmann Forex Limited 44,10,450 equity shares of Rs. 10/-each as fully paid up in the ratio of nine (9) equity share of the face value of Rs. 10/- (Rupees Ten only) each (credited as fully paid up) of the Company, for every ten (10) equity shares of the face value of Rs. 10/- (Rupees Tenonly) each (credited as fully paid-up) held by the shareholders in Weizmann Forex Limited.' (As Per NSE Bulletin dated on 16.11.2010)