Board Inter alia, has approved the following: The amalgamation of Max Asia-Pac Ltd, Hongkong, a wholly-owned subsidiary with the Company and constitution of a Committee to finalize and approve the Scheme of Amalgamation. Max India Ltd has informed the Exchange that Hon'ble High Court of Punjab & Haryana at Chandigarh has directed that a meeting of the Equity Shareholders and a seperate meeting of Creditors and Unsecured Creditors of Max India Limited be held on March 11, 2006, for the purpose of considering, and if thought fit, approving with or without modification(s) the scheme of Amalgamation (hereinafter referred to as the "Scheme") between the Transferee Company and Max Telecom Ventures Limited ("Indian Transferor Company") and Max Asia Pac Limited ("Foreign Transferor Company"). (As per NSE Bulletin dated on 03/03/2006) The company has informed that the formal orders from the Hon'ble High Court of Punjab and Haryana at Chandigarh sanctioning the Scheme of Amalgamation between the Company and its wholly owned Subsidiaries, viz., Max Telecom Ventures Ltd and Max Asia-Pac Ltd, Hongkong have been received. The Company and Max Telecom Ventures Ltd have filed certified copies of the aforesaid orders with the Registrar of Companies, Punjab, HP and Chandigarh at Jalandhar on June 06, 2006. (As Per BSE Bulletin Dated On 07/06/2006)