Reliance Industries Ltd has informed the Exchange that the Hon'ble High Court of Judicature at Bombay vide its Order dated December 09, 2005 has sanctioned the Scheme of Arrangement between the Company and Reliance Energy Ventures Limited, Global Fuel Management Services Limited, Reliance Capital Ventures Limited and Reliance Communication Ventures Limited (collectively "the Resulting Companies") and their respective shareholders and creditors, for demerger of the Coal Based Energy Undertaking, the Gas Based Energy Undertaking, the Financial Services Undertaking and the Telecommunications Undertaking of the Company into each of the Resulting Companies, respectively. The certified copy of the Order of the Hon'ble High Court of Judicature at Bombay has been filed with the Registrar of Companies on December 21, 2005 and hence the Scheme has become effective from December 21, 2005. Reliance Industries Ltd has informed the Exchange that in accordance with the Scheme of Arrangement as sanctioned by the Hon'ble High Court of Judicature at Bombay vide its order dated December 09,2005,each of the resulting companies, viz Reliance Energy Ventures Limited, Global Fuel Management Services Limited, Relaince Capital Ventures Limited and Reliance Communication Ventures Limited(collectively "the resulting companies")will issue and allot to each eligible member of the company(except for the specified shareholders as defined in the Scheme)whose name is recorded in the register of members of the company on the record date equity shares in the respective resulting companies in the following ratios: 1)One equity share of Reliance Energy Ventures Limited of the face value of Rs.10/- each credited as fully paid up for every one equity share of Rs.10/- each fully paid up held by such member or his/her/its heirs,executors,administrators or successors in the company; 2)One equity share of Global Fuel Management Services Limited of the face value of Rs.5/- each credited as fully paid up for every one equity share of Rs.10/- each fully paid-up held by such member or his/her/its heirs,executors,administrators or successors in the company; 3)One equity share of Reliance Capital Ventures Limited of the face value of Rs.10/- each credited as fully paid up for every one equity share of Rs.10/-each fully paid up held by such member or his/her/its heirs,executors,administrators or successors in the company; 4)One equity share of Reliance Communications Ventures Limited of the face value of Rs.5/- each credited as fully paid up for every one equity share of Rs.10/- each fully paid-up held by such member on his/her/its heirs,executors, administrators or successors in the company.The company has further informed that January 25,2006 has been fixed as the record date for the purpose of reckoning the names of the members of the company,who shall be entitled to receive shares of each of the resulting companies. (As per NSE Bulletin dated on 22/12/2005) Trading members of the Exchange are hereby informed that, Reliance Industries Ltd. has fixed the Record Date for the Scheme of Arrangement of the company for the purpose of determining entitlement to receive shares of each of the Resulting Companies. Sc-Code=500325,600325 RECORD DATE EX-ENTITLEMENT DATE 25/01/2006 18/01/2006 Scheme of Arrangement between the Company and Reliance Energy Ventures Ltd, Global Fuel Management Services Ltd, Reliance Capital Ventures Ltd and Reliance Communication Ventures Ltd (collectively "the Resulting Companies") and their respective shareholders and creditors, for demerger of the Coal Based Energy Undertaking, the Gas Based Energy Undertaking, the Financial services Undertaking and the Telecommunications Undertaking of the Company into each of the Resulting Companies, respectively. Each of the resulting companies will issue and allot to each eligible member of the Company (except for the Specified Shareholders as defined in the Scheme) equity shares in the respective Resulting Companies in the following ratios:- (1) ONE equity share of Reliance Energy Ventures Ltd of the face value of Rs 10/- each credited as fully paid up for every ONE equity share of Rs 10/- each fully paid-up held by such member or his / her / its heirs, executors, administrators or successors in the Company. (2) ONE equity share of Global Fuel Management Services Ltd of the face value of Rs 5/- each credited as fully paid up for every ONE equity share of Rs 10/- each fully paid-up held by such member or his / her / its heirs, executors, administrators or successors in the Company. (3) ONE equity share of Reliance Capital Ventures Ltd of the face value of Rs 10/- each credited as fully paid up for every ONE equity share of Rs 10/- each fully paid-up held by such member or his / her / its heirs, executors, administrators or successors in the Company. (4) ONE equity share of Reliance Communication Ventures Ltd of the face value of Rs 5/- each credited as fully paid up for every ONE equity share of Rs 10/- each fully paid-up held by such member or his / her / its heirs, executors, administrators or successors in the Company. The scrip will be No Delivery from 18/01/2006 (DR-204/2005-2006) to 24/01/2006 (DR-208/2005-2006). (As per BSE Notice dated on 23/12/2005) Reliance Industries Ltd has informed the Exchange that: 1)The company's Scheme of Arrangement(Scheme), to demerge certain undertakings to four resulting companies was approved by the Hon High Court of Mumbai on December 09,2005 and is effective from December 21,2005.In terms of the Scheme,the assets and liabilities relatable to the demerged undertakings have been transferred at values appearing in the books of accounts as on the close of business on August 31,2005.Accordingly net assets of Rs.19,120 crores(US$4,244 million)have been demerged to the four resulting entities i.e. Reliance Communication Ventures Limited Rs.15,389 crores(US$ 3,416 million), Reliance Energy Ventures Limited Rs.2,921 crores(US$ 648 million),Reliance Capital Ventures Limited Rs.513 crore(US$ 114 million) and Reliance Natural resources Limited(formerly Global Fuel Management Services Limited)Rs.297 crores(US$ 66 million).The net assets transferred have been appropriated against the Revaluation Reserve,pursuant to the court order. 2)(a)The company, based on the report by international valuers, has revalued plant, equipment and buildings situated at Patalganga,Hazira and Jamnagar as at August 01,2005 by an amount of Rs.22,497 crores(US$ 4,994 million)and an equivalent amount has been credited to revaluation Reserve Account. Consequent to the revaluation, there is an additional charge for depreciation of Rs.887 crores(US $ 197 million) for the nine months ended December 31,2005 and an equivalent amount has been withdrawn from Revaluation Reserve.This has no impact on profit for the period. (As per NSE Bulletin dated on 12/01/2006) The company has announced the cost of acquisition of the Company and resulting companies: The Hon High Court of Bombay has by its Order dated December 09, 2005 sanctioned the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 for demerger of the following undertakings from the Company to the Resulting Companies; Name of Resulting Company Undertakings 1. Reliance Communication Ventures Ltd Telecommunication 2. Reliance Energy Ventures Ltd Coal Based Energy 3. Reliance Capital Ventures Ltd Financial Services 4. Reliance Natural Resources Ltd* Gas Based Energy In terms of the Scheme of Arrangement, the assets and liabilities relatable to the Demerged Undertakings have been transferred to the Resulting Companies at values as appearing in the Books of Accounts of the Company as on the close of business on August 31, 2005. The book value of net assets transferred and the Equity shares to be issued by the Resulting Companies are as follows: Name of Resulting Book Value of No of Face Company Net Assets Equity Value per Transferred Shares share (Rs in million) (Rs in million) (Rs) 1. Reliance Communication Ventures Ltd 153890 1223.10 5 2. Reliance Energy Ventures Ltd 29210 1223.10 10 3. Reliance Capital Ventures Ltd 5120 1223.10 10 4. Reliance Natural Resources Ltd* 2970 1223.10 5 The Record Date for the issue of Shares is January 25, 2006 and the shares of the Company will be traded On Ex-benefit basis from January 18, 2006. This Public Notice is issued to inform the shareholders the method of calculation of the Cost of Acquisition and Date of Acquisition of the Resulting Companies' shares as also of the Company shares as per the provisions of the Income Tax Act, 1961 and is based on experts opinion. For the purpose of determining the post demerger Cost of Acquisition of Equity shares of the Company and the 4 (four) Resulting Companies under the Income Tax Act 1961, the shareholders are advised to apportion their pre-demerger cost of acquisition of the Company shares in the following manner; Name of Company % of Cost of Acquisition of RIL shares 1. Reliance Industries Ltd 52.0% 2. Reliance Communication Ventures Ltd 38.7% 3. Reliance Energy Ventures Ltd 7.3% 4. Reliance Capital Ventures Ltd 1.3% 5. Reliance Natural Resources Ltd* 0.7% 100% The Company has been advised that as per Section 47 (vid) of the Income Tax Act, 1961, the issue of shares by the resulting company, in a scheme of demerger to the shareholders of the demerged company in consideration of demerger of the undertaking, will not be regarded as transfer. Accordingly, Date of Acquisition of shares of the Resulting Companies will be deemed to be the date when the equity shares of the Company were acquired. This communication is for the benefit of the shareholders and the Company takes no express or implied liability in providing this guidance. * Formerly known as Global Fuel Management Services Ltd. (As per BSE Bulletin dated on 16/01/2006) The company has announced that the RIL Group formally handed over the control of the four demerged companies namely Reliance Natural Resources Ltd (RNRL), Reliance Communication Ventures Ltd (RCoVL), Reliance Energy Ventures Ltd (REVL) and Reliance Capital Ventures Ltd (RCVL) to ADAG following board meetings of these companies held on February 07, 2006. (As per BSE Bulletin dated on 08/02/2006)