Pondy Oxides & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 21, 2010, has discussed in length on merits and demerits of merger and approved the proposal on merger of M/s. Lohia Metals Pvt Ltd, with M/s. Pondy Oxides & Chemicals Ltd, and also approved the appointment of Valuer for doing independent valuation of shares of both the companies and Advocate to complete the merger. Pondy Oxides & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 18, 2011, inter alia, approved the following: 1. Valuation Report submitted by M/s. Sarathy & Balu, Chartered Accountants for the purpose of deciding exchange ratio with regard to proposal of merger of M/s. Lohia Metals Pvt. Ltd with the Company, has been adopted by the Board. 2. Board taking into account the Valuation Report submitted by the Chartered Accountant, approved the exchange ratio of 1:2.50 i.e. M/s. Pondy Oxides & Chemicals Ltd. will allot 2.50 equity shares of face value of 10/- each for every one equity share of face value of 10/- each held in M/s. Lohia Metals Pvt Ltd. and authorized the Company officials to file necessary papers with various agencies to get their approval. 3. Board adopted the merger scheme and authorized the Managing Director to take further action in this regard. (As Per BSE Announcement Website dated on 18.03.2011) Oxides & Chemicals Limited has submitted to the Exchange a copy of Notice convening the meeting of equity shareholders of the company relating to the merger of M/s. Lohia Metals Pvt Ltd with the Company. (As Per NSE Bulletin Dated on 09/09/2011) Pondy Oxides & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 26, 2012, has considered the following matters: The Board of the Company noted that the Scheme of Amalgamation of M/s. Lohia Metals Pvt. Ltd. (Transferor Company) with M/s. Pondy Oxides and Chemicals Ltd (Transferee Company) has been approved by the High Court of Judicature at Madras vide its Order dated March 12, 2012 which was handed over to the Company by way of issuing Certified True Copy dated March 22, 2012. In accordance with the aforesaid Order, the Board of Directors allotted 11,02,500 number of equity shares of Rs. 10/- each of the Company to the eligible shareholders of the Transferor Company in accordance with swap ratio of 2.5 shares of the Transferee Company for each share of the Transferor Company as approved by the aforesaid High Court. The Board also noted that the Transferor Company held 57,640 number of equity shares in the Company which stands cancelled due to its amalgamation with the Company. Accordingly, the paid up capital of the Company, after allotment of aforesaid shares and cancellation in the aforesaid manner, stands revised at Rs. 11,15,19,850.00 consisting of 1,11,51,985 number of equity shares of Rs. 10/- each. The Company will get the resulting shares listed with the Exchange in due course. (As Per BSE Announcement Dated on 29.03.2012) Pondy Oxides & Chemicals Limited has informed the Exchange the outcome of Board Meeting of the Company held on 29th March 2012, regarding Scheme of Amalgamation of M/s. Lohia Metals Pvt. Ltd. with the Company. (As Per NSE Bulletin Dated on 04/04/2012)