Gandhimathi Appliances Ltd has informed BSE that the Members of the Company at its Extra Ordinary General Meeting (EGM) of the Company held on September 09, 2010, inter alia, accorded approval to the Scheme for the purpose of merger of GAL with the Company and the Company to acquire the rights, obligations, assets, liabilities and the entire undertaking of GAL from the effective date of merger as per the sanctioned Scheme, subject to approval of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) and subject to the Scheme of Merger between Gangadharam Appliances Ltd (GAL - 'Transferor Company') and the Company (Transferee Company') being sanctioned by Hon'ble BIFR, as per draft Scheme of Merger ('Scheme') submitted by GAL to BIFR, with such modifications and conditions, as may be stipulated by the Hon'ble BIFR while sanctioning the Scheme, subject to necessary provisions and approvals. SUB. : - Consolidation of Share Capital and Merger of Gangadharam Appliances Limited with Butterfly Gandhimathi Appliances Ltd. (Scrip Code 523263) Trading Members of the Exchange are hereby informed that, Gangadharam Appliances Limited had fixed the Record Date for the purpose of Consolidation of Share Capital pursuant to implementation of the Hon'ble BIFR approved Modified Rehabilitation Scheme and Butterfly Gandhimathi Appliances Ltd. has fixed the Record Date for the purpose of merger of Gangadharam Appliances Limited with Butterfly Gandhimathi Appliances Ltd pursuant to Modified Rehabilitation cum merger Scheme approved by the Hon'ble BIFR. COMPANY NAME CODE Gangadharam Appliances Limited (523263) RECORD DATE 06.10.2011 PURPOSE Merger of Gangadharam Appliances Limited with Butterfly Gandhimathi Appliances Ltd. In terms of the Modified Rehabilitation cum merger Scheme approved by the Hon'ble BIFR, said record date is fixed for merger of Gangadharam Appliances Limited with Butterfly Gandhimathi Appliances Ltd.; and Butterfly Gandhimathi Appliances Ltd. shall issue ONE equity share of Rs. 10/- each of Butterfly Gandhimathi Appliances Ltd. for every TWO equity shares of Rs. 10/- each held in Gangadharam Appliances Limited. Note: - Trading Members of the Exchange are requested to take note that the trading in the equity shares of Gangadharam Appliances Limited is under suspension. (As Per BSE Notice Dated on 20.07.2012)