Taneja Aerospace & Aviation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 09, 2014, has approved the Scheme of Arrangement between Taneja Aerospace and Aviation Limited (TAAL') and TAAL Enterprises Limited ('TEL', a wholly owned subsidiary of the Company), where the charter business and investments in First Airways Inc. and TAAL Tech India Private Limited (subsidiaries of the Company) would be demerged into TEL. The Appointed Date of the Scheme is October 01, 2014. The shareholding of TEL post demerger would be the same as TAAL. The Share Swap Ratio for the demerger is as under: '1 (One) fully paid equity shares of Face Value INR 10 (Rupees Ten) each of TEL for every 8 (Eight) fully paid equity shares of INR 5 (Rupees Five) each held in TAAL.' The Scheme would require the approvals of the shareholders of the Company, Madras High Court and other regulatory authorities. Taneja Aerospace & Aviation Ltd has informed BSE that Hon'ble High Court of judicature at Madras has sanctioned the Scheme of Arrangement between Taneja Aerospace and Aviation Limited (TAAL') and TAAL Enterprises Limited (TEL', a wholly owned subsidiary of the Company), for demerger of the charter business and investments in First Airways Inc. and TAAL Tech India Private Limited (subsidiaries of the Company) into TEL. (As Per BSE Announcement Dated on 24.07.2015) SUB. :- Scheme of Arrangement of Taneja Aerospace & Aviation Ltd. (Scrip Code 522229) Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon'ble High Court of Judicature at Madras, Taneja Aerospace & Aviation Ltd (TAAL)., has fixed the Book Closure for the purpose of determining entitlement of the shareholders of the Company as per details given below: COMPANY NAME CODE Taneja Aerospace & Aviation Ltd. (522229) BOOK CLOSURE DATE 30/09/2015 To 30/09/2015 PURPOSE As per Scheme of Arrangement sanctioned by the Hon'ble High Court of Judicature at Madras, between, Taneja Aerospace & Aviation Ltd and TAAL Enterprises Ltd (TEL) : - Upon the Scheme becoming effective and in consideration of the demerger and transfer of Air Charter and the Engineering Services business of Taneja Aerospace & Aviation Ltd into TEL, TEL shall issue and allot shares credited as fully paid-up to the shareholders of Taneja Aerospace & Aviation Ltd. in the following proportion: 1 (ONE) fully paid up equity share of Rs.10/- of TEL. shall be issued and allotted for every 8 (EIGHT) fully paid up equity shares of Rs.5/- each held in Taneja Aerospace & Aviation Ltd' EX-ENTITLEMENT FROM DATE & SETT. NO. 28/09/2015 DR-125/2015- 2016 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from B' group to T' group w.e.f. September 28, 2015 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on September 28, 2015. Subject to compliance with requisite formalities the resulting company i.e. TEL will be listed on BSE Limited. (As Per BSE Notice Dated on 23.09.2015)