Birla Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2013, has approved the Scheme of Amalgamation of Talavadi Cements Limited (a 98% Subsidiary Company) with the Company after considering the Valuation Report submitted by M/s. Ray & Ray, Chartered Accountants, Kolkata and Fairness Opinion Report submitted by SBI Capital Markets Limited, pursuant to the recommendation of the Audit Committee of the Company in this respect. The above scheme would be subject to the approval of the members, all the requisite stakeholders and authorities including and the Hon'ble High Court of Calcutta as applicable.