Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 13, 2007, has approved the draft Scheme of Amalgamation of GSFC Investment And Leasing Company Ltd (GILCL), (wholly owned subsidiary of the Company) with the Company. Since GILCL is a wholly owned subsidiary of the Company, all the equity shares of GILCL are held by the Company and as a result, there will be no exchange of shares of the Transferee Company to the shareholders of the Transferor Company. Therefore, there will be no enlistment of any new shares on the Stock Exchange consequent upon amalgamation of GILCL with the Company. Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the Scheme of Amalgamation of GSFC Investment And Leasing Co. Ltd with the Company was considered by the Equity Shareholders of GSFC, the transferee Company at the Court convened Meeting of the Equity Shareholders held on September 21, 2007. (As Per BSE Announcement Website Dated on 21/09/2007) Gujarat State Fertilizers & Chemicals Ltd has informed BSE that the Scheme of Arrangement between the Company and GSFC Investment And Leasing Co. Ltd, has been unanimously approved by the Equity Shareholders at the Court convened Meeting of Equity Shareholders of the Company held on September 21, 2007. (As Per BSE Announcement Website Dated on 24/09/2007) Gujarat State Fertilizers & Chemicals Ltd. has informed the Exchange that the Hon'ble High Court of Gujarat has sanctioned the Scheme of Amalgamation of GSFC Investment And Leasing Company Ltd. with Gujarat State Fertilizers & Chemicals Ltd. on 10/12/2007. The above Order has been filed with the Registrar of Companies, Gujarat State, Ahmedabad on 10-01-2008. (As per NSE Bulletin dated on 15/01/2008)