Tube Investments Of India Ltd has informed the Exchange that the BoD's at its meeting held on July 29, 2004, have approved a Scheme of Arrangement for amalgamation of TIDC India Ltd. (TIDC), a subsidiary, with the Company (TII) w.e.f. April 01, 2004. The Board also approved the share exchange ratio of 4 equity shares of Rs.10 each of the company (post bonus) for every 5 equity shares of Rs.10 each of TIDC. The Scheme also provides for the adjustment of deferred revenue expenditure ofTIDC (Rs.5.68 crores) and that of TII (Rs.21.43 crores) against the securities premium account of TII on amalgamation. The Scheme is subject to the approval of the shareholders of the respective companies and the sanction of the Hon'ble High Court of Judicature at Madras. (As per NSE Bulletin dated on 30/07/2004) The company has informed that the High Court of Judicature at Madras has sanctioned the Scheme of Arrangement between TIDC India Ltd. and the company. The Scheme provides for the amalgamation of TIDC with the Company with effect from April 01, 2004 (appointed date) and adjustment of deferred revenue expenditure against the securities premium account. (As per BSE Bulletin dated on 16/12/2004) Tube Investments Of India Ltd has informed the Exchange that the High Court of Judicature at Madras has sanctioned the Scheme of Arrangement between TIDC India Limited (TIDC) and the company. The Scheme provides for the amalgamation of TIDC with the Company w.e.f. from April 01, 2004 (appointed date) and adjustment of deferred revenue expenditure against the securities premium account. The Scheme has become effective December 15, 2004. (As per NSE Bulletin dated on 16/12/2004) Members of the Exchange are hereby informed that the under mentioned new securities of Tube Investments of India Limited (Scrip Code: 504973, ISIN No: INE149A01017) are listed and permitted for trading on the Exchange with effect from Wednesday, March 9, 2005. Securities 10,620 * Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of erstwhile M/s. TIDC India Limited pursuant to the Scheme of Amalgamation of the company. Dist. Nos. 4,30,95,767 to 4,31,06,386 * These shares are ranking pari-passu with the old equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a)The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Madras its order dated 30th November 2004. b)The appointed date: 1st April, 2004. c)Date of Allotment: 27th January 2005. d)Exchange Ratio - For every 5 Equity Shares of Rs.10/- each held in erstwhile M/s. TIDC India Limited 4 Equity Share of Rs.10/- each of the company have been issued. 3. The company's financial year ends on 31st March. (As per BSE Notice dated on 08/03/2005)