Siemens Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 29, 2011, has considered and approved the Scheme of Amalgamation ('Scheme') under Sections 391 to 394 of the Companies Act, 1956, envisaging, inter alia, amalgamation of Siemens VAI Metals Technologies Pvt. Ltd. (SVAI - a 100% Siemens AG company) and Morgan Construction Company India Pvt. Ltd. (Morgan - a 100% subsidiary of SVAI) with the Company with the appointed date being October 01, 2011. The Board of Directors of the Company, after due consideration, approved the share exchange ratio as determined by independent valuer viz. Grant Thornton. The fairness opinion on the valuation is provided by ICICI Securities Ltd., a category - I merchant banker. The share swap ratio for the proposed scheme has been determined as under: 1,318 (One Thousand Three Hundred and Eighteen) Equity Shares of the Face Value of Rs. 2/- (Rupees Two) each fully paid up of the Company for every 100 (One Hundred) Equity Shares of the Face Value of Rs. 100 (Rupees One Hundred), fully paid up of SVAI (Morgan is a 100% subsidiary of SVAI). Siemens AG (promoter) currently holds 75% of the equity share capital of the Company and the Scheme has a mechanism to ensure that the public shareholding i.e. 25% will be maintained at all times pursuant to the requirement of the listing agreement. The proposed Scheme is however, subject to the requisite approvals of the respective shareholders / creditors of the Company and both Transferor Companies, other statutory / regulatory authorities in the respective jurisdictions and subject to the sanction/confirmation by Hon'ble High Court of Judicature at Mumbai and / or any other appropriate authority as may be necessary. Siemens Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 13, 2012, has approved the allotment of 117,38,108 shares to Siemens VAI Metals Technologies GmbH, Linz pursuant to approval of amalgamation of Siemens VAI Metals Technologies Pvt. Ltd. and Morgan Construction Company India Pvt. Ltd. with the Company by the Bombay High Court vide its order dated August 17, 2012. (As per BSE Announcement Dated on 15.10.2012) Siemens Ltd has announced the following results for the quarter & year ended September 30, 2012: The Audited results for the Quarter ended September 30, 2012 The Company has posted a net loss after tax of Rs. (557.681) million for the quarter ended September 30, 2012 whereas the same was at net profit of Rs. 1780.832 million for the quarter ended September 30, 2011. Total Income is Rs. 33877.932 million for the quarter ended September 30, 2012 whereas the same was at Rs. 35694.533 million for the quarter ended September 30, 2011. The figures for the quarter ended September 30, 2011 are Unaudited. The Audited results for the year ended September 30, 2012 The Company has posted a net profit after tax of Rs. 3431.565 million for the year ended September 30, 2012 whereas the same was at Rs. 8454.259 million for the year ended September 30, 2011. Total Income is Rs. 129773.483 million for the year ended September 30, 2012 whereas the same was at Rs. 121336.697 million for the year ended September 30, 2011. - During the quarter, the High Court of judicature at Bombay vide its Order dated August 17, 2012, approved the Scheme of Amalgamation of Siemens VAI Metals Technologies Pvt. Ltd., (SVAI - a subsidiary of Siemens AG) and Morgan Construction Company India Pvt. Ltd., (Morgan - a 100% subsidiary of SVAI) with the Company. The appointed date for the amalgamation was October 01, 2011. Consequently the Financial Results for the current quarter and year ended September 30, 2012 include the results of SVAI and Morgan and are reflected in the Business Segment Industry under the segmental reporting. Also, the financials results for the quarter ended June 30, 2012 have been recast so as to include the financials results of the amalgamated companies. Pursuant to the amalgamation the figures of the current year are not strictly comparable to those of the previous year. Consequent to this merger, the Company has allotted 1,17,38,108 equity shares of Rs. 2 each to Siemens VAI Metals Technologies GmbH (shareholder of SVAI) on October 13, 2012. (As per BSE Announcement Dated on 23.11.2012)