United Drilling Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2013, unanimously approved, in principle, the proposed amalgamation of Macro Steel Engineers Pvt. Ltd. with the Company and other connected matters. The Board decision is subject to further approval by the Shareholder of the Company and other competent authorities. United Drilling Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 15, 2013, has : 1. Fixed the following share exchange ratio for the purpose of the proposed amalgamation of Macro Steel Engineers Pvt Ltd with united Drilling Tools Ltd : - 2 (two) Equity Shares of Rs.10 each, Credited as fuIly paid up, of the Transferee Company - United Drilling Tools Ltd for every 9 (nine) Equity Share of Rs. 10 each, held in the Transferor Company - Macro Steel Engineers Pvt Ltd. The Board has unanimously approved the draft Scheme of Amalgamation, etc., relating to the aforesaid amalgamation. Decision of the Board is subject to further approval of the concerned High Court(s) and other competent authorities, if any. (As per BSE Announcement Dated on 15.03.2013) United Drilling Tools Ltd has informed BSE that the Company have received on July 24, 2014 the order of Hon'ble Delhi High court dated May 01, 2014 in case of amalgamation of M/s. Macro Steel Engineers Pvt. Ltd (a transferor Company) with M/s. United Drilling Tools Limited (a transferee Company), which has been submitted to Registrar of Companies, Delhi and Haryana on July 25, 2014. As per term of the approved scheme of amalgamation and as per relevant provision of Company act, the effective date of the above mention scheme of amalgamation is July 25, 2014 (As per BSE Announcement Dated on 28.07.2013) United Drilling Tools Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 07, 2014, inter alia, has considered and approved the Allotment of 48,22,222 Equity Shares to all the equity shareholders of the Transferor Company i.e. Macro Steel Engineers Pvt. Ltd. in the ratio of 2:9 (i.e. Two new equity shares for every Nine equity shares) pursuant to the Scheme of Amalgamation of Macro Steel Engineers Pvt. Ltd. with United Drilling Tools Ltd., as approved by the Hon'ble High Court of Delhi. (As per BSE Announcement Dated on 07.10.2013)