Balkrishna Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2010, inter alia, has taken the following decision: Considered and approved the Scheme of Merger of BKT Moulds Ltd (BML) (a 100% Subsidiary Company) into it and their respective shareholders ('the Scheme') under sections 391 to 394 of the Companies Act, 1956. The salient features of the Scheme are as tinder: - Appointed date for merger is April, 2010. - No shares are proposed to be issued pursuant to the Scheme since BML is a wholly owned subsidiary of Balkrishna Industries Ltd. -The Scheme is however, subject to consent of tie requisite majority of the shareholders, lenders a n creditors of BML, and Bombay High Court. The merger being of a 100% subsidiary, Company will not be required to file a petition with any High Court. The Board has approved the above restructuring a after considering the recommendation of its advisor, KPMG. Balkrishna Industries Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of BKT Moulds Limited (100% Subsidiary company) with Balkrishna Industries Limited and their respective shareholders under sections 391 to 394 of the companies Act, 1956, on August 27, 2010. (As Per BSE Annoucement Website dated on 07.09.2010)