Hindustan Unilever Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 26, 2010, inter alia, have approved a proposal for merger of Bon Ltd, with the Company, with effect from April 01, 2009. Bon Ltd is a wholly owned subsidiary of the Company and was not engaged in any significant business activity since year 2003. During the year 2005, the Company's undertaking at Haji Bunder, Sewri in Mumbai (the undertaking) was transferred to Bon Ltd, pursuant to Section 293 (1) (a) of the Companies Act, 1956, to facilitate the operations of the undertaking becoming transparent on a standalone basis as a result of transparency of costs and productivity. The transfer of the said undertaking was made on net book value of the assets and actual working capital employed in the said undertaking. Despite all efforts by the Company, the undertaking could not be revived and was eventually closed after following due process of law in July 2006. All labour issues / litigations which arose before and after the closure have been settled amicably, and currently Bon Ltd does not have any operations. In view of the above. and for the purpose of administrative simplification, the Board of Directors has, subject to the necessary approvals, decided to merge Bon Ltd with the Company. Being a subsidiary Company, the entire holding of Bon Ltd held by the Company will be cancelled after amalgamation. With reference to the earlier announcement wherein the Company had informed that the Board of Directors have approved the scheme of amalgamation of Bon Ltd., a wholly owned subsidiary of Hindustan Unilever Ltd., with the Company. In this regard, Hindustan Unilever Ltd has now informed BSE that, the Hon'ble High Court of Bombay has, vide its order dated April 16, 2010, approved the aforesaid scheme of amalgamation of Bon Ltd. with the Company and the requisite Form 21 has been filed with the Registrar of Companies, Mumbai on April 28, 2010. The appointed date for the abovementioned scheme was April 01, 2009 and the scheme shall be effective from April 28, 2010 i.e. the date of filing of Form 21 with the Registrar of Companies, Mumbai. Consequent to the amalgamation as aforesaid, Bon Ltd. has ceased to be a subsidiary of the Company. (As Per BSE Announcement Dated on 29/04/2010)