Jindal Saw Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on September 30, 2008 has approved the merger/ amalgamation of Highgate Consultants Ltd., incorporated in BVI, the wholly- owned subsidiary of the Company, with the Company subject to required judicial/ statutory and other approvals. Jindal Saw Ltd has informed BSE that the Equity Shareholders & Creditors of the Company at its Court Convened meeting held on March 07, 2009, have approved the Scheme of Amalgamation of Highgate Consultants Ltd. - Subsidiary of the Company. (As Per BSE Announcement Website dated on 09.03.2009) Jindal Saw Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad during the hearing held on July 13, 2009 has approved the merger of Highgate Consultants Ltd, the wholly owned subsidiary of the Company with the Company. The certified true copy of the Order has been applied for and the same is awaited. (As per BSE Announcement Dated on 13.07.2009)