India Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 28, 2007 has decided to merge the Company's associate company, namely, Visaka Cement Industry Ltd (VCIL) with the Company and accordingly approved a scheme of amalgamation under Sec. 391 to Sec. 394 of the Companies Act, 1956, to take effect from July 01, 2006, subject to sanction of appropriate authorities. As per the aforesaid scheme, 1 equity share of Rs 10/- in the Company will be issued to the shareholders of VCIL for every 5 equity shares of Rs 10/- each held by them in VCIL. Consequent to the above, the Subscribed and Paid-up Equity Share Capital of the Company will increase from Rs 220.37 crores to Rs 260.37 crores. India Cements Ltd has informed BSE that the Equity shareholders of the Company at their Court Convened meeting held on June 11, 2007, have passed the resolution, approving the Scheme of amalgamation between Visaka Cement Industry Ltd and the Company. The aforesaid scheme of amalgamation will be subject to approval of the Hon'ble High Court of Judicature at Madras for which necessary petition / affidavit will be filed with the Court shortly. (As Per BSE Announcement Website Dated on 11/06/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of The India Cements Limited (Scrip Code: 530005, ISIN No: INE383A01012) are listed and permitted for trading on the Exchange with effect from Tuesday, August 28, 2007. Securities 4,00,00,000* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Visaka Cement Industry Limited pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 220373658 to 260373657 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that under mentioned equity shares issued pursuant to the scheme of amalgamation are under lock-in as per details given below. Number of Shares Details of Dist. Nos. Date upto which lock in 1,00,00,000 Demat 29.08.2010 3. 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 Courts of Madras vide their Order dated July 25, 2007. b) Appointed Date: July 01, 2006 c) Effective Date: July 28, 2007 d) Date of Allotment: August 01, 2007 e) Exchange Ratio - For every 5 (five) Equity Shares of Rs.10/- each held in erstwhile Visaka Cement Industry Limited, 1 (one) Equity share of Rs.10/- each fully paid of the Company have been issued. 4. The company's financial year ends on 31st March. (As per BSE Notice dated on 27/08/2007)