Sat Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 20, 2010, inter alia, : Took the decision to merge / amalgamate Sah Polymers Limited, a company engaged in the industrial packaging into it in accordance with the provisions of sections 391 to 394 of the Companies Act, 1956, subject to all approvals, permissions, consents etc. In this respect the Board has appointed M/S N M Raiji & Co., Chartered Accountants to advise the Company on swap ratio & others and also appointed M/S Kanga & Co., Advocate and Solicitors for framing the scheme. Sat Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2010, inter alia, : Considered and approved the amalgamation of Sah Polymers Ltd., a Company engaged in the business of flexible packaging and Sat E-Com Ltd. a wholly owned subsidiary with the Company with effect from August 01, 2010 and also approved that in consideration of amalgamation, every equity shareholder of Sah Polymers Ltd. will be allotted 31 equity shares of Rs. 2/- each fully paid up in the Company for every 200 equity shares of Rs. 2/- each held by it / him / her in Sah Polymers Ltd. This is subject to all permissions, approvals, sanctions and legal compliances. (As Per BSE Announcement Website dated on 13.11.2010) Sat Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2011, inter alia, also decided to not to go ahead with the proposal of merger / amalgamation of Sah Polymers Limited and Sat E-Com Limited with the Company as in the changed economic scenario it is not viable. Therefore the decision of merger/amalgamation stand withdrawn. (As Per BSE Announcement Website dated on 27.08.2011)