The Board has considered the proposal for merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company and directed the Company to appoint a legal firm for preparation of scheme of arrangement and an accounting firm for valuation of business & advice on swap ratio and to submit their report to the Board for further action. Raipur Alloys & Steel Ltd has informed BSE that pursuant to the order of the Hon'ble High Court of Bombay - Nagpur Bench, a meeting of the equity shareholders and secured creditors of the Company will be held on February 15, 2007, for seeking their approval to the scheme of merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company. (As Per BSE Bulletin dated on 25/01/2007) Raipur Alloys & Steel Ltd has informed BSE pursuant to the orders of Hon'ble High Court of Bombay _ Nagpur Bench, meetings of the secured creditors and equity shareholders of the Company were held on February 15, 2007 for seeking their approval to the proposed merger of M/s. Chhattisgarh Electricity Company Ltd (CECL) and M/s. Raipur Gases Pvt Ltd (RGPL) with the Company. Further the Company has informed that, the secured creditors of the Company and the members of the Company have approved the proposed merger. (As Per BSE Announcement Website Dated on 20/02/2007) Raipur Alloys & Steel Ltd has informed BSE that the Hon'ble High Court of Bombay - Nagpur Bench and Hon'ble High Court of Chhattisgarh, Bilaspur have approved the Scheme of Amalgamation of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company. The Certified copies of the High Court Orders have been received by the Company and the Company is in the process to file the same with the respective Registrar of Companies so as to complete the formalities. (As Per BSE Announcement Website Dated on 12/06/2007) Raipur Alloys & Steel Ltd has informed BSE that the Order of the Hon'ble Court of Bombay - Nagpur Bench confirming the merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company has been filed with the Registrar of Companies (ROC), Mumbai on July 01, 2007. (As Per BSE Announcement Website Dated on 09/07/2007) Raipur Alloys & Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2007, inter alia, the following business was conducted: 1. Pursuant to the merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company, 1,95,64,229 Equity shares of the Company were allotted to the shareholders of the merging Companies and 30,72,804 Equity shares of the Company held by Chhattisgarh Electricity Company Ltd were cancelled. (As per BSE Annoucement Website Dated on 06/08/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Sarda Energy & Minerals Ltd. (Scrip Code: 504614, ISIN No: INE385C01013) are listed and permitted for trading on the Exchange with effect from Monday, January 21, 2008. Securities 1,95,64,229 * Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Chattisgarh Electricity Company Ltd. (CECL) and Raipur Gases Pvt. Ltd. (RGPL) pursuant to the Scheme of Amalgamation of the Company. Dist. Nos. 13080001 to 32644229 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 1,95,64,229 equity shares are under lock-in as per details given below: Number of Details of Dist. Nos. Date Shares lock in upto which lock in 1,44,25,613 Demat - 13327559 to 15190352 and 20081411 to 32644229 22-01-2009 2,47,558 Physical -13080001 to 13327558 22-01-2009 48,91,058 Demat - 15190353 to 20081410 22-01-2011 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 of Judicature Bombay - Nagpur Bench and the HonÆble High Court of Chhattisgarh, Bilaspur vide its Orders dated June 04, 2007 and May 11, 2007 respectively. b) Appointed Date: April 01, 2006 c) Effective Date: July 01, 2007 d) Date of Allotment: August 04, 2007 e) Exchange Ratio - For every 10 equity shares of Rs.10/- each fully paid-up held in erstwhile CECL, 91 equity shares of Rs.10/- each of the company has been issued. For every 117 equity shares of Rs.100/- each fully paid-up held in erstwhile RGPL, 1 equity share of Rs.10/- each of the company has been issued. 4. The company's financial year ends on 31st March. (As Per BSE Notice Dated on 18.01.2008)