Carborundum Universal Ltd (CUMI) has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2008, inter alia, has approved the following: 1. Merger of Prodorite Anticorrosives Ltd (PACL) with the Company (CUMI): The Board has approved a proposal for merger of the Company's subsidiary, Prodorite Anticorrosives Ltd (PACL) with the Company with effect from April 01, 2007, subject to all statutory approvals (including that of the High Court). PACL is a 100% subsidiary of CUMI and is engaged in the business of acid resisting cements, corrosion resisting products, polymer concrete and fibre reinforced plastics etc. This business is synergistic with the super refractories business of CUMI. The merger is expected to give an impetus to this business as a result of the synergies and also the benefits of being part of a larger entity. Since CUMI holds all the shares of PACL, the merger would not result in any further issue of shares of CUMI. With reference to the earlier announcement dated January 28, 2008 about the proposal for Merger of Prodorite Anticorrosives Ltd (PACL) with the Carborundum Universal Ltd (CUMI) with effect from April 01, 2007, subject to all statutory approvals (including that of the High Court), Carborundum Universal Ltd has informed BSE that the High Court has approved the aforesaid merger. PACL is a 100% subsidiary of CUMI and is engaged in the business of acid resisting cements, corrosion resisting products, polymer concrete and fibre reinforced plastics etc. This business is synergistic with the super refractories business of CUMI. The merger is expected to give an impetus to this business as a result of the synergies and also the benefits of being part of a larger entity. Since CUMI holds all the shares of PACL, the merger would not result in any further issue of shares of CUMI. (As per BSE Announcement Website dated on 22/04/2008)