Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on August 13, 2013, inter alia, have approved a Scheme of Arrangement between Mahindra Trucks and Buses Limited ('MTBL'), a wholly owned subsidiary of the Company and its Shareholders and Creditors and Mahindra and Mahindra Limited ('the Company') ['the Scheme'] which, inter alia, envisages demerger of the Trucks Undertaking of MTBL and transfer and vesting thereof into the Company and other consequential matters under the provisions of Sections 391 to 394 read with Sections 78 and 100 to 104 of the Companies Act, 1956. The salient features of the proposed Scheme are as under: 1. MTBL's Trucks Undertaking comprising of entire undertaking, business activities and operations pertaining to the Trucks business would be demerged into the Company and the undertakings, businesses, activities and operations other than the Trucks business would be carried on by MTBL. 2. The Appointed Date of the Scheme would be April 01, 2013. 3. All assets and liabilities of MTBL pertaining to the Trucks Undertaking to be transferred to and recorded by the Company at book values. 4. As an integral part of the Scheme, MTBL also proposes to re-organise its Share Capital and Share Premium Account by setting off the entire existing accumulated losses incurred by MTBL. 5. The Company holds the entire equity share capital of MTBL and accordingly, there would be no issue of Shares by the Company pursuant to the Scheme. Mahindra & Mahindra Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay on March 07, 2014 has approved a Scheme of Arrangement between Mahindra Trucks and Buses Limited ('MTBL'), a wholly owned subsidiary of the Company and its Shareholders and Creditors and Mahindra and Mahindra Limited ('the Company') ['the Scheme'] which, inter alia, envisages demerger of the Trucks Undertaking of MTBL and transfer and vesting thereof into the Company and other consequential matters under the provisions of Sections 391 to 394 read with Sections 78 and 100 to 104 of the Companies Act, 1956. The certified copy of this Order is yet to be received. (As Per BSE Announcement Dated on 07.03.2014) Mahindra & Mahindra Ltd has informed BSE regarding 'Scheme of Arrangement between Mahindra Trucks and Buses Limited and its Shareholders and Creditors and Mahindra and Mahindra Limited becomes effective'. (As Per BSE Announcement Dated on 31.03.2014)