Corporate Courier and Cargo Ltd has informed BSE regarding Outcome of Board Meeting held on December 24, 2014. Corporate Courier and Cargo Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 24, 2014, has accorded approval to following business item: 1. Approved following proposal for arrangement by Way of Scheme of Arrangement with Four Harish Group Companies entailing: i. Demerger of textile machinery manufacturing undertaking of Harish Textile Engineering Pvt. Ltd. into the Corporate Courier and Cargo Limited. ii. Merger of Pacific Non-Woven Pvt. Ltd., Heattrans Manufacturing Co. Pvt. Ltd. and Nature Cure Centre Private Limited with Corporate Courier and Cargo Limited. 2. Approved proposal for appointment of Valuers for recommending swap ratio for the proposed Scheme of Arrangement and appointment of Lawyers for finalization of draft Scheme of Arrangement for filing with Stock Exchanges.