Kale Consultants Limited has informed the Exchange that the BOD of the company at its meeting held on October 29, 2004 have : i) allotted 24263 equity shares of Rs.10/- each under the Kale Consultants Limited Employees Stock Option Scheme and; ii) considered and approved the draft Scheme of Amalgamation of its wholly owned subsidiary viz. Kale eTravel Technologies Limited ("Kale eTravel") (formerly "Cognosys Software Private Limited") into the Company. Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs.116118390/- to Rs.116361020/-. The Scheme of Amalgamation provides for transfer of all the assets and liabilities of Kale e-Travel to the Company. Consequent to amalgamation of Kale e-Travel into the Company and in consideration of the transfer of all the assets and liabilities of Kale e-Travel to the Company, the equity share capital of Kale e-Travel shall stand cancelled. The Company's equity share capital shall not undergo any change as Kale e-Travel is a wholly owned subsidiary of the Company. The approval of the Scheme of Amalgamation would, subject to all statutory approvals including those of the regulatory authorities and the Bombay High Court become effective from April 01, 2004. Considered and approved the Scheme of Amalgamation of Kale eTravel Technologies Ltd., the wholly owned subsidiary of the company, into the company. (As per BSE Bulletin dated on 10/11/2004) The Company has informed that pursuant to the order of the High Court of Bombay a meeting of the equity shareholders of the Company will be held on March 12, 2005 for the purpose of considering, and if thought fit, approving with or without modifications, the Amalgamation between Kale eTravel Technologies Ltd and the Company (the Applicant Company). (As per BSE Bulletin dated on 16/02/2005) Kale Consultants Limited has informed the Exchange that the Hon'ble High Court of Bombay has directed that a meeting of the EquityShareholders of the Company be held on March 12, 2005, for the purpose of considering, and if thought fit, approving with or without modifications, the Amalgamation between Kale eTravel Technologies Limited and Kale Consultants Limited, the Applicant Company. (As per NSE Bulletin dated on 17/02/2005) The Company has informed that the equity shareholders of the Company at its meeting held on March 12, 2005, has unanimously approved theScheme of Amalgamation between Kale eTravel Technologies Ltd and the Company with the following modification: "In clause 2 of the Scheme of Amalgamation, the Appointed Date' to stand amended and read as April 01, 2005 instead and in place of April 01, 2004." (As per BSE bulletin dated on 14/03/2005) The company has informed that the High Court of Judicature at Bombay has passed an Order on 10th June, 2005 approving the amalgamation of Kale eTravel Technologies Limited (the wholly owned subsidiary of the Company) with Kale Consultants Limited.The appointed date of amalgamation is 1st April, 2005. (As per BSE Bulletin dated on 30/06/2005)