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: Demerger of the Power Business of WL into KWPL : (a). Demerger Appointed Date is opening hours of business on April 01, 2010 immediately after the Merger Appointed Date. (b). In respect of the demerger of Power Business of WL to KWPL, 2 equity shares of Rs. 10/- each of KWPL shall be issued to the holders of every 3 equity shares of face value of Rs. 10/- each in WL. (c). The 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. (d). The shares of KWPL will be listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. (e). Pursuant to the demerger, all assets, liabilities, contracts, employees, etc of the Power Business of WL would be transferred to KWPL. (f). The name of KWPL would be changed to Karma Energy Limited as envisaged in the scheme. 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) Weizmann Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 10, 2010 to December 10, 2010 for the purpose of payment of Final Dividend, if any for the financial year ended March 31, 2010 and for the purpose of reckoning the shareholders to whom equity shares of Karma Wind Power Ltd. and Chanakya Holdings Ltd. would be issued and allotted pursuant to Scheme of Arrangement sanctioned by the Hon. High Court of Bombay. Further the Company has submitted to BSE the 'Detailed Note on the Scheme of Arrangement'. (As Per BSE Announcement Website dated on 30.11.2010) SUB. :- Composite Scheme of Arrangement and payment of final dividend by Weizmann Ltd. (Scrip Code 523011) Trading Members of the Exchange are hereby informed that, Weizmann Ltd. (WL) has fixed the Book Closure for the purpose of final dividend payment and determining entitlement to the shareholders of the company pursuant to the Composite Scheme of Arrangement of the company as approved by the Hon'ble High Court, Bombay. COMPANY NAME CODE Weizmann Ltd. (523011) BOOK CLOSURE 10/12/2010 to 10/12/2010 PURPOSE Scheme of Arrangement: - Demerger of the Power Undertaking and Forex Undertaking from Weizmann Ltd. to Karma Wind Power Limited (KWPL) and Chanakya Holdings Limited (CHL) respectively. Upon the Scheme becoming effective and in consideration of the transfer and vesting of Power Undertaking in KWPL, KWPL shall issue and allot to the shareholders of Weizmann Ltd, in the ratio of 2 (TWO) equity shares of Rs.10/- each in KWPL, credited as fully paid up for every 3 (THREE) equity shares of Rs.10/- each held by them in WL. AND Entitlement for Final Dividend of Re. 0.50/- per share on equity shares of Rs. 10/- each. EX-ENTITLEMENT & EX-DIVIDEND FROM DATE & SETT. NO. 08/12/2010 DR-178/2010- 2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 02.12.2010)