(05-May-2006 Hours IST)
Associated Cement Companies Ltd (ACC) has informed BSE that a meeting of the shareholders of the Company will be held on June 08, 2006, to consider the Scheme of Amalgamation of Tarmac (India) Ltd with the Company. This is pursuant to the order of the Bombay High Court passed on May 05, 2006. Associated Cement Co. Ltd has informed the Exchange that a Meeting of the shareholders is being convened on June 08,2006, to consider the Scheme of Amalgamation of Tarmac (India) Limited with the Company. This is pursuant to the order of the Bombay High court passed on May 05,2006. (As per NSE Bulletin dated on 08/05/2006) Associated Cement Co. Ltd has informed the Exchange that by an order made on May 05, 2006, in the above Company application, the High Court of Judicature at Bombay has directed that a Meeting of the Equity Shareholders of the Applicant Company be convened and held on June 08, 2006 for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Amalgamation of Tarmac (India) Ltd (the "Transferor Company") with the Applicant Company (The Associated Cement Companies Ltd). (As per NSE Bulletin dated on 19/05/2006) The company has informed that the equity shareholders of the Company at their Court Convened Meeting held on June 08, 2006, have approved the Scheme of Amalgamation of Tarmac India Ltd with the Company, with requisite majority. (As Per BSE Bulletin Dated on 09/06/2006) Associated Cement Co. Ltd has submitted to the Exchange a copy of the Minutes of the EGM convened pursuant to the Order passed by the High Court of Judicature at Mumbai in Company Application No 596 of 2006 in connection with the merger of Tarmac (India) Limited (TIL) with ACC which was held on June 08, 2006. (As per NSE Bulletin dated on 10/07/2006) Associated Cement Companies Ltd (ACC) has informed BSE that the Scheme of Amalgamation of Tarmac (India) Ltd with the Company is approved by the Bombay High Court. All requisite formalities have been completed. The Scheme of Amalgamation is effective from August 28, 2006. The Appointed Date under the said Scheme is January 01, 2006. (As per BSE Bulletin dated on 01/09/2006) The results for the year ended December 31, 2006 include figures of Tarmac (India) Pvt Ltd. which is merged with the Company with effect from January 01, 2006 consequent upon requisite approvals. Current quarter and year ended December 31, 2006 figures are not comparable with the corresponding previous quarter and year ended December 31,2005 figures to the extent that Tarmac (India) Pvt Ltd. is merged with the Company with effect from January 01, 2006. The operation of Tarmac (P) Ltd. resulted in a profit of Rs 0.40 million during current year as compared to Rs 12.30 million loss during corresponding previous period (not included in these result). (As Per BSE Announcement Website Dated on 01/02/2007)
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