Eveready Industries India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 13, 2007, inter alia, to consider a scheme of amalgamation of the wholly owned subsidiary of the Company, Powercell Battery India Ltd with the Company under section 391 and 394 of the Companies Act 1956, proposed to be made effective from April 01, 2007. The implementation of the Scheme will be subject to the approval of the Stock Exchanges, shareholders of the Company and the Hon'ble High Court at Calcutta and or any other concerned authority. Powercell Battery India Ltd is an existing unlisted Company having its registered office at 1 Middleton Street, Kolkata and is in the business of manufacture and sale of dry cell batteries and flashlights. The salient features of the scheme are: 1. The Scheme is proposed to be made effective April 01, 2007 (appointed date). 2. On and from the appointed date, the wholly owned subsidiary, Powercell Battery India Ltd shall stand amalgamated with the Company. 3. On the said amalgamation, the equity shares held by the Company along with its nominees in the said subsidiary shall stand cancelled and no further shares shall be issued. (As Per BSE Announcement Website Dated on 13/04/2007) Eveready Industries India Ltd has informed BSE that the Scheme of Amalgamation of Powercell Battery India Ltd (the wholly owned Subsidiary of the Company) with the Company, has become effective on January 15, 2008, upon filing with the Registrar of Companies, West Bengal, a copy of the certified copy of the Order dated December 20, 2007 of the Hon'ble High Court at Calcutta, passed on December 05, 2007, sanctioning the Scheme. (As per Bse Announcement Website dated on 17/01/2008)