approved the merger of Glofame Cotspin Industries Ltd. with the company and the equity share holder of GCIL will get 10 equity shares of the company for every 33 equity shares held in GCIL subject to necessary approvals. Welspun India Limited has informed the Exchange that in the Board Meeting held on October 29, 2004, the BOD has approved inter alia a proposed Scheme of Arrangement u/s 391 to 394 of the Companies Act, 1956. Under the Scheme, Glofame Cotspin Industries Limited is proposed to be merged with the Company with the Appointed Date being April 01, 2004. Upon the Scheme becoming effective, the equity shareholders of GCIL will get 10 equity shares of WIL for every 33 equity shares held in GCIL. The proposed Scheme is subject to approvals of creditors, shareholders lenders of the Company and Hon'ble Gujarat High Court and also approvals / permissions from the appropriate authorities, if necessary. (As per NSE bulletin dated on 02/11/2004) The Company has informed that the Hon'ble High Court of Gujarat at Ahmedabad has directed that a meeting of the equity shareholders of the Company (Applicant Company) be convened and held onJanuary 31, 2005 for the purpose of considering and if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Scheme of Arrangement between the Applicant Company and Glofame Cotspin Industries Ltd and their respective members and creditors. (As per BSE Bulletin dated on 13/01/2005) Employees Stock Option Plan Recommended ESOP subject to the approval from the member.& Approved the amendment in the scheme of arrangemant between Glofame Cotspin Ind. Ltd. and Welspun India Ltd. The company has informed that the members and creditors of the company in the Hon'ble Gujarat High Court convened meetings held on 31/01/2005 have approved the amendment in the scheme of arrangemant between Glofame Cotspin Ind. Ltd. and company. (As per BSE Bulletin dated on 01/02/2005) Welspun India Limited has informed the Exchange that with regards to the Scheme of Amalgamation between Glofame Cotspin Industries Limited and Welspun India Ltd. and their respective creditors and members, the said Scheme has come into effect from May 18, 2005, with the Appointed Date being April 01, 2004. By virtue of the filing of the High Court orders with the Registrar of Companies on May 18, 2005, Glofame Cotspin Industries Limited stood dissolved and merged into Welspun India Limited w.e.f. May 18, 2005. Record Date for the purpose of determining the list of shareholders entitled to receive shares of Welspun India Limited in exchange will be fixed shortly. (As per NSE bulletin dated on 19/05/2005)_ Members of the Exchange are hereby informed that the under mentioned new securities of Welspun India Ltd. (Scrip Code: 514162; ISIN No. INE192B01023), are listed and permitted for trading on the Exchange with effect from Friday, August 5, 2005. Securities 39,54,737 *Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of erstwhile Glofame Cotspin Industries Ltd. pursuant to the Scheme of Arrangement of the company. Distinctive nos. 6,81,37,671 to 7,20,92,407. * These shares are ranking pari-passu with the old equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the Company was approved by the Hon'ble High Court of Gujarat vide its order dated April 15, 2005. b) The appointed date: April 1, 2004 c) Date of Allotment: June 28, 2005 d) Exchange Ratio - 10 (ten) fully paid-up equity share of Rs.10/- each of Welspun India Ltd. has been issued for every 33 (thirty three) fully paid-up equity shares of Rs.10/- each held in Glofame Cotspin Industries Ltd. 3. As per Exchange Notice No. 20050526-5 dated May 26, 2005, the transferor company viz. Glofame Cotspin Industries Ltd. had fixed June 23, 2005 as "Record Date", for giving effect to the Scheme and accordingly dealing in the securities of said transferor company was stopped with effect from June 16, 2005. 4. The company's financial year ends on 31st March. (As per BSE Notice dated on 04/08/2005)