Asian Paints Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2009, has approved a Scheme of Amalgamation ('the Scheme') of Technical Instruments Manufacturers (India) Ltd (a wholly owned subsidiary of the Company) with the Company under the provisions of Company Act, 1956 and rules and regulations thereunder. The Scheme shall be subject to necessary approvals and sanctions. Technical Instruments Manufacturers (India) Ltd owns the building which houses the Company's Corporate Office and it has no income except the rent it receives from the Company. Asian Paints Ltd has submitted to BSE a copy of advertisement published in newspaper regarding petition under 391 and 394 of the Companies Act, 1956 for a scheme of Amalgamation of Technical Instruments Manufacturers (India) Ltd, Company's wholly owned subsidiary with the Company. (As Per BSE Announcement Dated on 03/06/2009) Asian Paints Ltd has informed BSE that Honorable Bombay High Court has vide its Order dated July 24, 2009, has sanctioned the scheme of amalgamation of Technical Instruments Manufacturers (India) Ltd (TIML), wholly owned subsidiary of the Company; with the Company, the appointed date being April 01, 2009. A copy of Order sanctioning the merger received by the Company on August 11, 2009. (As Per BSE Announcement Website dated on 17.08.2009)