Pantaloon Retail (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 09, 2012, inter alia, has taken the following decisions: 1. Proposal to demerge Business Undertaking, comprising of all business, activities and operations pertaining to the Pantaloons Format Business of the Company and transfer to Peter England Fashions and Retail Limited (PEFRL) by way of a Scheme of Arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 has been approved, together with draft Scheme as tabled the meeting. Based on the joint report on share entitlement ratio submitted by independent valuers, Grant Thornton India LLP and Deloitte Touche Tohmatsu India Private Limited, the Board approved the share entitlement ratio as follows: '1 (One) fully paid Equity Share of Rs.10/- (Rupees Ten Only) each of Peter England Fashions and Retail Limited shall be issued and allotted for every 5 (five) Equity Shares (including Class B Series 1 Share) of Rs. 2 (Rupees Two) each held in the Company.' Pantaloon Retail (India) Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay, on March 01, 2013, has sanctioned the Scheme of Arrangement between Pantaloon Retail (India) Limited (PRIL or Demerged Company) and Peter England Fashions and Retail Limited (PEFRL or Resulting Company) and their respective shareholders and creditors and Indigold Trade and Services Limited, as a shareholder of Resulting Company. (As per BSE Announcement Dated on 01.03.2013) Pantaloon Retail (India) Ltd has informed BSE that the Company has fixed April 18, 2013 as the Record Date for the purpose of determining the entitlement for issue of Equity Shares of Peter England Fashions and Retail Limited ('PEFRL') to the holders of Equity Shares, Class B (Series 1) Shares pursuant to the Scheme of Arrangement between Pantaloon Retail (India) Limited (PRIL or Demerged Company) and Peter England Fashions and Retail Limited (PEFRL or Resulting Company) and their respective shareholders and creditors and Indigold Trade and Services Limited, as a shareholder of Resulting Company, approved by the Hon'ble High Court of Judicature of Bombay. (As per BSE Announcement Dated on 09.04.2013) SUB. :- Scheme of Arrangement of Future Retail Ltd (formerly Pantaloon Retail (India) Ltd). (Scrip Code 523574) Trading Members of the Exchange are hereby informed that, Future Retail Ltd. (FRL) has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement of the Company for Demerger of the company as provided in the Scheme approved by HonÆble High Court of Judicature at Bombay. COMPANY NAME CODE Future Retail Ltd. (523574, 423574 623574,570002, 670002) RECORD DATE 18/04/2013 PURPOSE Scheme of Arrangement: - Upon the Scheme coming into effect, in consideration of the transfer of the Demerged Undertaking by FRL to Peter England Fashions and Retail Limited (PEFRL) in terms of this Scheme, PEFRL shall issue and allot to each equity/ Differential Voting Rights (DVRs) shareholders of FRL in the following ratio: 1 (ONE) equity share of Rs.10/- each fully paid up of PEFRL, for every 5 (FIVE) fully paid up FRL Equity Shares/ FRL DVRs (Class B Shares Series 1) held by them in FRL EX-ENTITLEMENT FROM DATE & SETT. NO. 17/04/2013 DR-015/2013-2014 (As per BSE Notice Dated on 11.04.2013)