Elecon Engineering Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2016, have accorded approval to the following business: 1. Unanimously approved the scheme of Amalgamation ('Scheme') of Elecon EPC Projects Limited with the Company in accordance with the provisions of Section 391-394 of the Companies Act, 1956 or any corresponding provisions of Companies Act, 2013. 2. Took on record Independent Valuation Report dated April 26, 2016 submitted by M/s. Haribhakti & Co. LLP, and M/s. SSPA & Co. both being firms of Chartered Accountants and Fairness Opinion dated April 26, 2016 issued by M/s. RBSA Capital Advisors LLP, SEBI registered Category I Merchant Bankers. Share Exchange Ratio: 37 (Thirty Seven) equity shares of face value of Rs.2/- at par each fully paid-up of the Company for every 2 (Two) equity shares of face value of Rs.10/- each fully paid-up held in Elecon EPC Projects Limited.' Elecon Engineering Company Ltd has submitted to BSE a copy of the Notice of Hearing of Petition for approving the Scheme of Amalgamation of Elecon EPC Projects Limited with Elecon Engineering Company Limited, has published in Newspapers on September 05, 2016. (As Per BSE Announcement Dated on 05.09.2016) Elecon Engineering Company Ltd has informed BSE that Hon'ble High Court of Gujarat vide its Oral Order dated October 07, 2016 approved the Scheme of Amalgamation of M/s. Elecon EPC Projects Limited with M/s. Elecon Engineering Company Limited. The Company is awaiting the certified copy of the Order of the Hon'ble High Court for further actions. (As Per BSE Announcement Dated on 14.10.2016) Elecon Engineering Company Ltd has informed BSE that the Company has allotted 32,64,122 (Thirty Two Lakhs Sixty Four Thousands One Hundred Twenty Two) Equity Share to the Shareholder of M/s. Elecon EPC Projects Limited pursuant to the Scheme of Amalgamation as approved by the Hon'ble High Court of Gujarat vide its Order dated October 07, 2016. (As Per BSE Announcement Dated on 10.11.2016)