Core Emballage Ltd has informed BSE that pursuant to Order dared August 08, 2008 passed by the Hon'ble High Court of Gujarat at Ahmedabad, the Court has directed that separate meeting of the Secured Creditors, Unsecured Trade Creditors and Equity Shareholders of the Company will be held on September 25, 2008., for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Arrangement in the nature of de-merger and transfer of Manufacturing Division of the Applicant Company viz. Core Emballage Ltd to CEL Packaging Pvt. Ltd. Core Emballage Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2008, inter alia, has taken note of the business transacted at the Court Conveyed Meeting held on September 25, 2008 (Secured Creditors), October 03, 2008 (Unsecured Creditors and Equity Shareholders) and the Proposed Scheme of Arrangement was duly approved unanimously i.e. 100% in number and 100% in value by the Secured Creditors and Unsecured Trade Creditors and by requisite majority i.e. 98.41% in number and 99.99% in value by the equity shareholders present at the respective meetings and Executive Director & CEO to take further action in this matter. (As Per BSE Announcement Website dated on 27.10.2008) Core Emballage Ltd has informed BSE that the Company had filled a Company Petition with the Hon'ble High Court of Gujarat at Ahmedabad on October 20, 2008 which has been admitted by the court and the said petition is fixed for hearing before the Company Judge on November 18, 2008. (As Per BSE Announcement Website dated on 03.11.2008) Core Emballage Ltd has informed BSE that the company application, in the matter of the Scheme of Arrangement in the nature of Demerger and transfer of manufacturing division under section 391-394 of the Companies Act, 1956 has been considered and sanctioned by the Hon'ble High Court of Gujarat vide order dated December 12, 2008. (As Per BSE Announcement Website dated on 15.01.2009) Core Emballage Ltd. has informed the Exchange that "The company application, in the matter of the Scheme of Arrangement in the nature of Demerger and transfer of manufacturing division under section 391-394 of the Companies Act, 1956 has been considered and sanctioned by the Hon'ble High Court of Gujarat vide Order dated 12/12/2008. As per the Order of the High Court of Gujarat and submitted form No.:- 21 with the office of ROC on 16-01-2009, all the existing employees of manufacturing division were transferred to resulting company except Managing Director and Executive Director. To take care of the trading division we are in the process of appointing additional staff and in this direction of the company has appointed Mr. Kirtan Soni as Chief Financial Officer (CFO) and Mr. Amit Panchani as Compliance Officer of the Company with effect from 2nd February, 2009." (As Per NSE Bulletin dated on 04.02.2009)