Kirloskar Electric Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 28, 2007, has approved a Scheme of Arrangement and Amalgamation, involving de-merger of the operating business of Kirloskar Power Equipments Ltd., (KPEL) into the Company and amalgamation of Kaytee Switchgear Ltd. (Kaytee), subsidiary of the Company with the Company. Pursuant to the Scheme, the Company will issue and allot three (3) equity shares of Rs 10/- each of the Company at par to the members of KPEL for every one (1) equity share of Rs 10/- each of KPEL held by them. The Company will likewise issue and allot one (1) equity share of Rs 10/- each of the Company at par to the members of Kaytee for every four (4) equity shares of Rs 10/- each of Kaytee held by them. The Scheme has been approved the Boards of all the three Companies. Kirloskar Electric Company Ltd has informed BSE that the Secured Creditors of the Company at their meeting held on April 16, 2008 approved the Scheme of Arrangement & Amalgamation as of Kirloskar Power Equipments Ltd., and Kaytee Switchgear Ltd with the Company. (As per BSE Announcement Website dated on 23/04/2008) Kirloskar Electric Company Ltd has informed BSE that the Scheme of demerger of the operating business of Kirloskar Power Equipments Ltd into the Company has been sanctioned by the Hon'ble High Court of Judicature at Bombay. The sanction is subject to the sanction of the Scheme as filed by the Company with the Hon'ble High Court of Karnataka. (As per BSE Announcement Website dated on 07/07/2008) Kirloskar Electric Co Ltd shall issue and allot equity shares at par on a proportionate basis to each member of Kirloskar Power Equipments Ltd in the ration of 3 (Three) equity shares of Rs 10/- each of Kirloskar Electric Company Ltd, in respect of every 1 (one) equity shares of Rs 10/- each held by them in Kirloskar Power Equipments Ltd. To the extent shares are held by Kirloskar Electric Company Ltd in Kirloskar Power Equipments Ltd, the shares of Kirloskar Electric Company Ltd as per the entitlement ration shall be allotted to the KECL Investment Trust. (As per BSE Announcement dated on 29/09/2008) Kirloskar Electric Company Ltd has informed BSE that the Scheme of Amalgamation and Arrangement of the Company as approved by the Hon'ble High Court of Karnataka and the Hon'ble Court of Judicature at Mumbai has come into effect on October 17, 2008. Consequent to the Scheme coming into effect, the equity shareholders of Kirloskar Power Equipments Ltd get allotted 1,05,00,000 equity shares of Rs 10/- each fully paid up in Kirloskar Electric Company Ltd in respect of their holdings in Kirloskar Power Equipments Ltd. The equity shareholders of Kaytee Switchgear Ltd get allotted 67,52,550 equity shares of Rs 10/- each fully paid up in lieu of their shareholding in Kaytee Switchgear Ltd. The shares in respect of shareholding of Kirloskar Electric Company Ltd in these two Companies are allotted to "KECL Investment Trust". The paid up equity share capital of Kirloskar Electric Company Ltd has become Rs 50,52,13,670, being 5,05,21,367 shares of Rs 10/- each fully paid up. The holders of 1176746 preference shares (Rs 100 each fully paid) in Kaytee Switchgear Ltd, get allotted 1176746 preference shares of Rs 100 fully paid in the preference share capital of Kirloskar Electric Company Ltd. (As per BSE Announcement dated on 18/10/2008)