Nahar Exports Ltd has informed the Exchange that the Board in its meeting held on March 30, 2006 have approved the scheme of Demerger and Arrangement between Nahar Spinning Mills Limited (hereinafter referred to as 'NSML') and Nahar Exports Limited (hereinafter referred to as 'NEL'). Pursuant to the scheme, company' s Textile business is proposed to be hived off and shall vest in NSML (post demerger of investment business) in accordance with the terms of the Scheme. Upon coming into effect of the scheme and vesting of the textile business of company in NSML (post demerger of investment business), NSML shall issue and allot, without any further act or deed, 55 Fully paid up equity shares of Rs.5/- (five) each to the shareholders of NEL for every 100 fully paid up Equity shares of Rs. 10/- each and upon such allotment by NSML the paid up value of each equity share of NEL shall stand reduced from Rs.10/- to Rs.3.5 per share which shall be reorganised into equity share of Rs.5/- per share through this scheme of Demerger and Arrangement. Thus upon sanction of the scheme shareholders of NEL holding 100 Fully paid up equity shares of Rs.10/- each on the record to be fixed for the purpose, shall receive 55 Fully paid up equity shares of Rs.5/- each in NSML (post demerger of investment business) and 70 Fully paid equity shares of Rs.5/- each in NEL. Nahar Exports Ltd has informed BSE that the Hon'ble Punjab & Haryana High Court vide its Order dated August 17, 2006 has directed the Company that separate meeting(s) of the Equity Shareholders, Secured and Unsecured creditors be held for the purpose of considering, and if thought fit, approving with or without modification, the composite scheme of Demerger and Arrangement between the Company, Nahar Spinning Mills Ltd and Nahar Capital and Financial Services Ltd. In pursuance of the said order and as directed therein, the Company has also informed that the meeting(s) of the equity shareholders, secured creditors and unsecured creditors of the Company will be held on October 07, 2006 under the Chairmanship of Sh. R K Chhibbar, Chairman appointed for the meetings by the Hon'ble High Court. (As per BSE Annocement Website) Nahar Exports Ltd has informed BSE that the equity shareholders, Secured & Unsecured Creditors of the Company at their Court Convened Meeting (CCD) held on October 07, 2006, have approved the composite scheme of demerger & arrangement between Nahar Spinning Mills Ltd, the Company and Nahar Capital & Financial Services Ltd. (As per BSE Announcement website dated on 12/10/2006) Nahar Spinning Mills Ltd has informed BSE that the Hon'ble Punjab & Haryana High Court at Chandigarh vide its Order dated December 21, 2006 has sanctioned the Scheme of Demerger and Arrangement between the Company and Nahar Exports Ltd. The appointed date of the said demerger and arrangement as approved by the Hon'ble Court is April 01, 2006. Further the Company has informed that, as per the Scheme of Demerger and Arrangement sanctioned by the Hon'ble High Court, upon demerger and transfer of investment business aggregating to Rs 34576.54 lacs of the Company to Nahar Capital and Financial Services Ltd, the equity share holders of the Company shall be entitled for: 1. 1 fully paid up equity share of Rs 5/- each of Nahar Capital and Financial Services Ltd for every 1 fully paid equity shares of Rs 10/- each in the Company, on the record date to be fixed by the Board for the purpose. 2. Upon such allotment of shares, the paid value of each existing equity shares of Rs 10/- each of the Company shall stand reduced to Rs 5/- paid up and Rs 5/- will be represented by fully paid up equity shares of Rs 5/- each of Nahar Capital and Financial Services Ltd. Likewise upon demerger and transfer of textile undertaking of Nahar Exports Ltd to the Company, the equity shareholders of Nahar Exports Ltd shall be entitled for: 1. 55 fully paid equity shares of Rs 5/- each of the Company (post investment business) for every 100 Fully paid up equity shares of Rs 10/- each of Nahar Exports Ltd on the record date to be fixed by the Board. 2. Upon such allotment of shares, the paid up value of each existing equity share of Nahar Exports Ltd shall stand reduced from Rs 10/- each to Rs 3.50 per equity share which would be reorganised into the nominal value of Rs 5/- per equity share, as per scheme. Thus every shareholders of Nahar Exports Ltd holding 100 Fully paid up equity share of Rs 10/- each on the record date, shall be entitled for 55 fully paid equity shares of Rs 5/- each of the Company (post investment business) and 70 Equity shares of Rs 5/ each of Nahar Exports Ltd. (As Per BSE Announcement dated on 27/12/2006) Nahar Exports Ltd has informed BSE that the Honle Punjab & Haryana High Court at Chandigarh vide its Order dated December 21, 2006 has sanctioned the Scheme of Demerger and Arrangement between Nahar Spinning Mills Ltd and the Company. The appointed date of the said demerger and arrangement as approved by the Hon'ble Court is April 01, 2006. Further the Company has informed that as per the Scheme of Demerger and Arrangement sanctioned by the Hon'ble High Court, upon demerger and transfer of textile undertaking of the Company to Nahar Spinning Mills Ltd, the equity shareholders of the Company shall be entitled for:- 1. 55 fully paid equity shares of Rs 5/- each of Nahar Spinning Mills Ltd (post investment business) for every 100 Fully paid up equity shares of Rs 10/- each of the Company on the record date to be fixed by the Board. 2. Upon such allotment of shares, the paid up value of each existing equity share of the Company shall stand reduced from Rs 10/- each to Rs 3.50 per equity share which would be reorganised into the nominal value of Rs 5/- per equity share, as per scheme. Thus every shareholders of the Company holding 100 Fully paid up equity share of Rs 10/- each on the record date, shall be entitled for 55 fully paid equity shares of Rs 5/- each of Nahar Spinning Mills Ltd (post investment business) and 70 Equity shares of Rs 5/- each of the Company. (As per BSE Announcement website dated on 16/01/2007) SUB. :- Scheme of Arrangement of Nahar Exports Ltd. (Scrip Code 523391) Trading members of the Exchange are hereby informed that, Nahar Exports Ltd. has fixed the Book Closure for the Scheme of Arrangement of the company. Trading members are advised not to deal in the equity shares of the company with effect from the under mentioned date. Company Name Nahar Exports Ltd. Code 523391 Book Closure Date 02/02/2007 Purpose Scheme of Arrangement:- Upon demerger and transfer of Textile Undertaking of the company to Nahar Spinning Mills Ltd. (NSML), NSML shall issue and allot FIFTY FIVE fully paid equity shares of Rs.5/- each to each shareholder of the company for every ONE HUNDRED equity shares of Rs.10/- eac fully paid up held. Reorganisation of Equity Share Capital:- Subsequent to the above allotment, the paid up value of each equity share of the company shall stand reduced from Rs.10/- each to Rs.3.50/- per equity share and the paid up value of Rs.6.50/- per share shall stand extinguished. The remaining paid up value of Rs.3.50/- per equity share would be reorganized into the nominal value of Rs.5/- per equity share. Thus every shareholder of the company holding 100 fully paid up equity shares of Rs.10/- each prior to reorganisation, shall be entitled to 70 equity shares of the company of Rs.5/- each post reorganization of equity share capital of the company. No Dealings Date 24/01/2007 DR-209/2006- 2007 (As Per BSE Notice dated on 17/01/2007) Trading members of the Exchange are hereby informed that the under mentioned equity shares of Nahar Exports Ltd. (Scrip Code: 523391; ISIN No: INE308A01027), are listed and permitted for trading on the Exchange with effect from Friday, March 23, 2007. Name of the Company:Nahar Exports Ltd. (NEL) Registered Office:373, Industrial Area-A, Ludhiana 141 003. Tel. Nos. 0161 û 2606977 û 80, 2660943 - 46 Fax Nos. 0161 û 2601956/ 2662942 Email: secnsm@owmnahar.com Web: www.owmnahar.com Securities:2,45,87,991 Equity Shares of Rs.5/- each fully paid-up issued on reorganization of equity capital of the Company. Distinctive numbers:1 to 24587991 Scrip Code:523391 Group:B1 Market Lot:1 Share Face Value & Paid up value:Rs.5/- each fully paid Scrip ID on BOLT System:NAHAREXPORT Abbreviated name on BOLT System:NAHAR EXPORT ISIN No. :INE308A01027 2. Trading members may note that the Equity Shares in dematerialised form after reorganisation in the equity capital of the company has been credited in the new ISIN No. INE308A01027. Henceforth, trading members should deal in the new ISIN No. INE308A01027 only and not to deal in the old ISIN No. INE308A01019. Trades effected in the scrip will be in a unit market lot, i.e., one share in the Rolling Settlement. Exit route scheme for small investors announced vide Exchange Notice No. 1302/ 1999 dated April 15, 1999 will be available. 3. The particulars of the Scheme of Arrangement are as mentioned below: a) The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Punjab & Haryana vide their order dated December 21, 2006. b)The effective date: January 12, 2007 c)The appointed date: April 01, 2006 d)Date of Allotment: Februay 05 2007 e)The issued, subscribed and paid-up equity capital of the Company before Scheme of Arrangement was Rs. 3512.57 lacs consisting of 3,51,25,701 equity shares of face value ofRs.10/- each fully paid up. f) Pursuant to scheme, the Textile undertaking of NEL was demerged into Nahar Spinning Mills Ltd. (NSML) and in consideration thereof the NSML has issued 55 equity shares of Rs.5/- each for every 100 equity shares of Rs.10/- each fully paid up held by the shareholders in NEL as on record date. g) Post demerger, the equity share capital of NEL was reorganized and the paid up value of each equity share of the company stands reduced from Rs.10/- each to Rs.3.50/- per share by cancellation of Rs.6.50/- per share. Further, the remaining paid up value of Rs.3.50/- per equity share thereafter has been reorganized into face value of Rs.5/- per equity share. Thus, the NEL has issued 70 equity shares of Rs.5/- each for every 100 fully paid up equity shares of Rs.10/- held prior to reorganization of equity share capital of the company. h) The issued, subscribed and paid-up capital of the company after reorganization as above comes to Rs.1229.39 lacs consisting of 2,45,87,991 equity shares of face value of Rs.5/- each fully paid up. 4. As per Exchange Notice Nos. 20070117-22 dated January 17, 2007, the company has fixed Feburay 02, 2007 as Record Date', for giving effect to the scheme of arrangement and accordingly dealing in the abovementioned securities of the company were stopped with effect from January 24, 2007. 5. Trading members may also note that in respect of shares held in physical form, the company has issued new certificates without surrender of the old equity shares certificates of the company and accordingly the old share certificates shall stand cancelled. 6. Trading members of the Exchange are informed that the Equity Share certificates in physical form bearing the undermentioned distinctive numbers of the company as stated alongside shall be good/bad delivery in the market. Name of the company appearing on the share certificate Nahar Exports Ltd. Distinctive Numbers 1 - 35475037 Date of Issue Before Record Date Good/Bad Delivery Bad Name of the company appearing on the share certificate Nahar Exports Ltd. Distinctive Numbers 1 to 24587991 Date of Issue After Record Date Good/Bad Delivery Good Hence, trading members should take due care and abundant caution whiledealing/receiving/delivering these shares of the company from/to the market. 7. The share transfer documents should be sent to the registrar of the company at the address mentioned below: M/s. Alankit Assignments Limited Unit: Nahar Exports Ltd. 2E/21, Alankit House, Jhandewalan Extension, New Delhi - 110 055. Tel Nos. 011- 4254 1234/ 2354 1234 Fax No. 011- 2355 2001 8. The Company's Financial Year ends on 31st March. (As per BSE Notice Dated on 21/03/2007)