Reliance Energy Limited has informed the Exchange that at the meeting of the BODs of the company held on January 03,2006,the proposal for amalgamation of reliance Energy Ventures Limited(REVL) with the company was considered and approved.The Scheme of Amalgamation approved by the BODs of the company envisages a share exchange ratio of seven and half equity shares of the face value of Rs.10 each of the company for every one hundred equity shares of the face value of Rs.10 each of REVL(After the allotment of shares pursuant to demerger of RIL).The share exchange ratio is based on the number of shares of REL held by REVL, and is as recommended by the leading international firm,KPMG India Private Limited.The Scheme of Amalgamation is inter alia, subject to the approval of the board of REVL,the shareholders of the company and REVL ,the High court of Judicature at Mumbai and all other requisite permissions, sanctions and approvals. Board has considered and approved a proposal for the amalgamation of Reliance Energy Ventures Ltd (REVL) with the Company. The proposed scheme of amalgamation envisages a share exchange ratio of 7.5 (seven and half) equity shares of the face value of Rs 10/- each of the Company, for every 100 (one hundred) equity shares of the face value of Rs 10/- each of REVL (after the allotment of shares pursuant to the demerger of RIL). The share exchange ratio is based on the number of shares of the Company held by REVL, and is as recommended by the leading international firm, KPMG. The shares of the Company held by REVL will be cancelled under the proposed scheme of amalgamation. The fully diluted equity capital of the Company will remain at approximately Rs 2280 million (excluding the impact on conversion of Foreign Currency Convertible Bonds issued by the Company). The benefits of the proposed scheme are: - Direct shareholding of the Company by 23 lakh Reliance shareholders, leading to enhancement of their value - Elimination of dual listing of the Company and REVL - Elimination of potential "holding company" discount through REVL market price - Increased liquidity for all the Company's shareholders - Wider domestic and international shareholder base for the Company The proposed Scheme of Amalgamation is, inter alia, subject to the approvals of the Board of REVL, the shareholders of the Company and REVL, the stock exchanges, the High Court of Judicature at Mumbai, and all other requisite permissions, sanctions and approvals. (As per BSE Bulletin dated on 03/01/2006) The company has informed that pursuant to order of the Hon'ble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on April 26, 2006, for the purpose of considering and, if thought fit, approving with or without modification(s), the Scheme of Amalgamation and Arrangement of Reliance Energy Ventures Ltd with the Company and their respective shareholders and creditors. EGM 26/04/2006 To consider approval of the Scheme of Amalgamation and Arrangement of Reliance Energy Ventures Ltd with the Company and their respective shareholders and creditors. (As per BSE Bulletin dated on 12/04/2006) The Company has informed that the equity shareholders of the Company at their Court Convened meeting held on April 26, 2006, have unanimously approved the merger of Reliance Energy Ventures Ltd with the Company. (As per BSE Bulletin dated on 27/04/2006) Reliance Energy Limited has informed the Exchange that the shareholders of the Company at the meeting of the equity shareholders of the Company, convened by the High Court of Judicature at Bombay, held on April 26, 2006 have unanimously approved the merger of Reliance Energy Ventures Limited with the Company. (As per NSE bulletin dated on 27/04/2006) Reliance Energy Limited has informed the Exchange that the Hon'ble High Court of Bombay on June 23, 2006 passed an order sanctioning the Scheme of Amalgamation of Reliance Energy Ventures Limited with Reliance Energy Limited. (As per NSE Bulletin dated on 25/06/2006) Reliance Energy Limited has informed the Exchange that :- 1) The High Court of Judicature at Bombay vide its order dated June 23, 2006 sanctioned the Scheme of Amalgamation and Arrangement between Reliance Energy Ventures Limited (the "Transferor Company"), Reliance Energy Limited (the "Transferee Company") and their respective Shareholders and Creditors ("Scheme"). 2) Upon filling of the said order with the Registrar of Companies, Maharashtra, Mumbai, the Scheme has become effective on July 17, 2006. 3) In accordance with the Scheme, Reliance Energy Limited (REL) is required to issue and allot its fully paid up Equity Shares of Rs.10 (Rupees ten) each, in the ratio of 7.5 (seven and half) Equity Shares of REL for every 100 (One Hundred) equity shares of the face value of Rs.10 (Rupees ten) each held by the shareholders in Reliance Energy Ventures Limited (REVL). 4) The Register of Members (equity shareholders) and transfer book of REVL will be closed from August 01, 2006 to August 05, 2006 (both days inclusive) for the purpose of determining the persons who will be entitled to the Equity Shares to be issued and allotted by REL in the aforesaid ratio, in terms of the Scheme. 5) The Equity Shares so allotted, shall be entitled for full dividend, if any, declared by REL for the financial year 2006-2007. 7) The equity share certificates of REVL will not be called back for exchange with REL's share certificates and the equity share certificates issued by REVL will cease to be tradeable or negotiable on and from the commencement of the said book closure or such other earlier date as may be fixed by the Stock Exchange in this regard. 8) On and from the close of the above period of Book Closure, shares of REVL shall cease to be listed and shall automatically stand cancelled pursuant to the dissolution without winding up of REVL in accordance with the Scheme. (As Per NSE Bulletin Dated on 18/07/2006) Reliance Energy Ltd has informed BSE that the Committee of Directors of the Company at its meeting held on August 07, 2006, has allotted 9,17,34,781 equity shares of Rs 10 each to the shareholders of the erstwhile Reliance Energy Ventures Ltd (REVL), in terms of the Scheme of Amalgamation and Arrangement between REVL and the Company, and their respective shareholders and creditors ("Scheme"), as sanctioned by the High Court of Judicature at Bombay, vide order dated June 23, 2006, The aforesaid shares were allotted to over 16.09 lakh shareholders in the ratio of 7.5 equity shares of the Company for every 100 equity shares of REVL, who held shares as on August 05, 2006 (being the book closure from August 01, 2006 to August 05, 2006). The above equity shares shall rank pari passu in all respects with the existing equity shares of the Company and shall be entitled for full dividend, if any, to be declared for the financial year 2006-07. In terms of the Scheme, 9,09,24,724 equity shares of Rs 10 each held by REVL in the Company stand extinguished and the equity share capital of the Company after implementation of the Scheme is 21,31,30,309 equity shares of Rs 10 each. Further the Company has informed that, no fractional shares have been allotted. All fractional shares have been consolidated and allotted to the Trustees, who shall sell the same and pay the net proceeds to the Company for distribution to the Members in proportion to their respective fractional entitlements. (As per BSE Bulletin dated on 07/08/2006) Reliance Energy Limited has informed the Exchange that the Committee of Directors of the company at its meeting held on August 7,2006, has allotted 9,17,34,781 equity shares of Rs. 10 each to the shareholders of the erstwhile Reliance Energy Ventures Limited (REVL), in terms of the Scheme of Amalgamation and Arrangement between REVl and Reliance Energy Limited (REL), and their respective shareholders and creditors ("Scheme"), as sanctioned by the High Court of Judicature at Bombay, vide order dated June 23,2006. The aforesaid shares were allotted to over 16.09 lakh shareholders in the ratio of 7.5 equity shares of the Company for every 100 equity shares of REVL. The Share Certificates to allottees holding shares in certificated form are being dispatched. However, the electronic credit of shares to allottees holding shares in electronic form will be effected immediately upon receipt of approval from the Stock Exchanges/Depositories. The above equity shares shall rank pari passu in all respects with the existing equity shares of the Company and shall be entitled for full dividend, if any, to be declared for the financial year 2006-07. Further, in terms of the Scheme, 9,09,24,724 equity shares of Rs. 10 each held by REVL in the company stand extinguished and the equity share capital of the Company after implementation of the Scheme is 21,31,30,309 equity shares of Rs. 10 each. No fractional shares have been allotted. All fractional shares have been consolidated and allotted to the Trustees, who shall sell the same and pay the proceeds to the Company for distribution to the Members in proportion to their respective fractional entitlements. (As Per NSE Bulletin Dated 08/08/2006) Trading members of the Exchange are hereby informed that the under mentioned new securities of Reliance Energy Limited (Scrip Code: 500390, ISIN No: INE036A01016) are listed and permitted for trading on the Exchange with effect from Tuesday, August 29, 2006. Securities 9,17,34,781* Equity Shares of Rs.10/- each issued to shareholders of erstwhile Reliance Energy Ventures Limited (REVL) pursuant to the Scheme of Amalgamation of the Company. Dist. Nos. 212363162 to 304097942 *These shares are ranking pari-passu with the old equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Bombay vide its order dated June 23, 2006. b) Appointed Date: July 17, 2006. c) Effective Date: July 17, 2006. d) Date of Allotment: August 07, 2006 e) Exchange Ratio - For every 100 equity shares of Rs.10/- each held in erstwhile Reliance Energy Ventures Limited, 7.5 equity shares of Rs.10/- each of the company have been issued. f) The Company has also cancelled 9,09,24,724 Equity shares of Rs. 10 each fully paid up held by the transferor company, REVL on account of cross holding in Reliance Energy Limited. 3. Post amalgamation the issued and paid up capital of the Company is Rs.21313.0308 lacs. 4. As per Exchange Notice No. 20060719-29 dated July 19, 2006, the transferor company viz. Reliance Energy Ventures Limited had fixed 'Book Closure Date' from August 01, 2006 to August 05, 2006 for giving effect to the Scheme and accordingly, trading in the shares of the said transferor company was stopped with effect from July 25, 2006. 5. The company's financial year ends on 31st March. (As per BSE Notice dated on 28/08/2006)