Visaka Industries Ltd. has informed the Exchange that the Board of Directors in their meeting held on April 25, 2006, has approved (a) Merger of M/s Shakthi Roofings (Pvt) Limited with the Company - approved the merger of M/s Shakthi Roofings (Pvt)., Limited with the Company effective from April 1, 2006 and has appointed M/s. Anandam & Company, Chartered Accountants and Auditors of the Company, as Valuers for the said Merger.(b) Private Placement of Shares-subject to the approval of the shareholders in the General Meeting, approved the placement of Three Lacs Equity Shares and Nine Lakhs Convertible Warrants of the Company to Private Investors, as per SEBI Guidelines for Issue of Shares on Preferential Basis. Has reviewed the Valuation Report given by the Valuer in regard to amalgamation of Shakti Roofings Pvt Ltd with the Company and based on the valuation, the Board of Directors of the Company has fixed the Share Exchange Ratio as 2.29:1 i.e. for every 2.29 equity shares of Shakti Roofings Pvt Ltd of Rs 10/- each one equity share of the Company of Rs 10/- each will be given. M/s. Shakti Roofings Pvt Ltd's total paid up capital is Rs 4,59,83,080/-. Therefore the Shareholders of Shakti Roofings Pvt Ltd will he given 20,07,995 shares of the Company which is subject to approval of the shareholders of both the Companies in the General Meetings to be convened by the High Court. The Board of Directors of both the Companies approved the Draft scheme of Amalgamation including Share Exchange Ratio and authorized severally the Managing Director / Sr. Vice President & Company Secretary of the Company to move an application to the Honorable High Court, Andhra Pradesh. (As per BSE Bulletin dated on 16/05/2006) Visaka Industries Ltd has informed BSE that the pursuant to the order of the High Court of Judicature at Hyderabad, Andhra Pradesh a meeting of the equity shareholders of the Company will be held on October 07, 2006, for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation of "Shakti Roofings Pvt Ltd" with the Company. (As per BSE Annocement website dated on 25/09/2006) Visaka Industries Ltd has informed BSE that members of the Company in the court convened General Meeting held on October 07, 2006, have approved the proposed merger of Shakti Roofings Pvt Ltd with the Company. (As per BSE Announcement website dated on 09/10/2006) Visaka Industries Ltd has informed BSE that the Honorable High Court of Andhra Pradesh, in the Final hearing of the case held on the June 06, 2007, has sanctioned the 'Scheme of Amalgamation' of M/s Shakti Roofings Pvt Ltd with the Company. (As Per BSE Announcement Website Dated on 13/06/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Visaka Industries Limited (Scrip Code: 509055, ISIN No: INE392A01013) are listed and permitted for trading on the Exchange with effect from Thursday, September 20, 2007. Securities 20,07,995* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile M/s Shakti Roofings (Private) Limited pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 13952366 to 15960360 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that aforesaid equity shares issued pursuant to the scheme are under lock-in as per details given below: Number of Shares Details of Dist. Nos. Date upto which lock in 15,05,995 Demat 18-09-2008 5,02,000 Demat 18-09-2010 3. 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 at Andhra Pradesh vide its Order dated June 06, 2007. b) Appointed Date: April 1, 2006 c) Effective Date: June 06, 2007 d) Date of Allotment: June 19, 2007 e) Exchange Ratio û For every 2.29 Equity Shares of Rs.10/- each held in erstwhile M/s Shakti Roofings (Private) Limited, 1 Equity share of Rs.10/- each of the Company have been issued. 4. The company's financial year ends on 31st March. 5. In case trading members require any clarification on the subject matter of the notice, they may please contact the undersigned on 22721233/34 Extn. No.8281 or 9819555411. (As per BSE Notice dated on 19/09/2007)