Board has, subject to further review, approved in principle the merger of AREVA T&D Systems India Ltd, AREVA T&D Lightning Arresters Private Ltd and AREVA T&D Instrument Transformers India Pvt Ltd, with the Company and appointed valuers and other advisers and consultants to assist the Company in the process. Areva T&D India Ltd has informed BSE that at the meeting of the Board of Directors of the Company scheduled to be held on October 27, 2006, it is proposed to consider a Scheme of Amalgamation for the merger of AREVA T&D Systems India Ltd, AREVA T&D Instrument Transformers India Pvt Ltd and AREVA T&D Lightning Arresters Pvt Ltd with the Company. (As per BSE Announcement website dated on 20/10/2006) Areva T&D India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2006 has approved amalgamation of AREVA T&D Systems India Ltd (ATDSL), AREVA T&D Instrument Transformers India Pvt Ltd (AITPL) and AREVA T&D Lightning Arresters Pvt Ltd (ALAPL) with this Company with effect from January 01, 2006. Further, based on the joint valuation report dated October 26, 2006 of M/s Bansi S Mehta & Co., and M/s N M Raiji & Co., Chartered Accounts, the Board approved the following exchange ratios for issue and allotment: - to the shareholders of ATDSL 7 new equity shares of Rs 10/- each in the Company credited as fully paid up for every 15 equity shares of Rs 10/- each fully paid up held by them in the capital of ATDSL. - to the shareholders of AITPL 7 new equity shares of Rs 10/- each in the Company credited as fully paid up for every 66 equity shares of Rs 10/- each fully paid up held by them in the capital of AITPL. A total of 7.9 million new Equity Shares of Rs 10/- each credited as fully paid up in the Company would accordingly be issued and allotted to the shareholders of ATDSL and AITPL in terms of the Scheme. The shares of ATDSL and AITPL are all held by Areva T&D SA of France and/or other Companies of AREVA group registered in France. In terms of the Scheme no new equity shares will, however, be issued and allotted by the Company in respect of the shares of ALAPL since all equity shares of ALAPL are held by ATDSL and AITPL, which shall stand amalgamated with the Company. The Scheme is subject to and shall become effective on receipt of requisite statutory approvals. (As per BSE Announcement website dated on 27/10/2006) Areva T&D India Ltd has informed BSE that pursuant to the order made by the Hon'ble High Court at Calcutta, a meeting of the Equity Shareholders of the Company will be held on February 28, 2007, for the purpose of considering and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of Areva T&D Systems India Ltd, Areva T&D Instrument Transformers India Pvt Ltd and Areva T&D Lightning Arresters Pvt Ltd with the Company. (As Per BSE Announcement Website Dated on 08/02/2007) Areva T&D India Ltd has informed BSE that the Equity Shareholders of the Company at its court convened meeting held on February 28, 2007, was approved the Scheme of Amalgamation for the merger of AREVA T & D Systems India Ltd, AREVA T & D Instrument Transformers India Pvt Ltd, AREVA T & D Lightning Arresters Pvt Ltd with the Company, with effect from January 01, 2006 ("Appointed Date"), with the requisite majority, subject to the sanction of same by Hon'ble High Court of Delhi at New Delhi, the Hon'ble High Court of Judicature at Madras and the Hon'ble High Court at Calcutta. (As Per BSE Announcement Website Dated on 28/02/2007) Areva T&D India Ltd has informed BSE that the proposed Scheme of amalgamation of the AREVA T&D Systems India Ltd, AREVA T&D Instrument Transformers India Pvt Ltd and AREVA T&D Lightning Arresters Pvt Ltd with the Company is now pending in the High Courts at Chennai, Calcutta and Delhi for receipt of the 'NOCs' from the Regional Directors and further hearing in the matter. The next hearing dates are as under: Calcutta High Court : July 02, 2007 Madras High Court : June 11, 2007 Delhi High Court : August 14, 2007 Since the "Appointed Date" under the Scheme is January 01, 2006, it is proposed to prepare and submit the consolidated Balance Sheet and Profit and Loss Account to the shareholders of the Company, i.e. the Transferee Company, for the year ended December 31, 2006. From the Courts schedule mentioned above, it will be seen that the Scheme may get sanctioned only during August / September. Thereafter, certified copies of the High Court Orders will have to be received and filed with the respective Registrars of Companies. In view of this, the Company has sought and obtained extension of time from the Registrar of Companies, West Bengal, Kolkata upto October 31, 2007 for holding the next Annual General Meeting (AGM) of the Company. Therefore, for the year ended December 31, 2006, the AGM will be held on or before October 31, 2007. The exact date of the AGM will be communicated in due course immediately after the amalgamation process in completed. (As Per BSE Announcement Website Dated on 04/06/2007) Areva T&D India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 24, 2007, inter alia, has recommended a dividend of 60% (Rupees six per share) for the year ended on December 31, 2006. Further the Company has informed that, the Scheme of Amalgamation of AREVA T&D Systems India Ltd, AREVA T&D Instrument Transformers India Pvt Ltd and AREVA T&D Lightning Arresters Pvt Ltd (Transferor Companies) with the Company with effect from January 01, 2006 ("Appointed Date") has since been sanctioned by the Hon'ble Calcutta High Court, Hon'ble High Court of Delhi and Hon'ble Madras High Court. Certified Copies of the High Court Orders have been filed with the respective Registrars of Companies on September 18, 2007 ("Effective Date"). Consequently, the results for the twelve months ended on December 31, 2006 include the results of the said Transferor Companies. (As Per BSE Announcement Website Dated on 24/09/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Areva T&D India Limited (Scrip Code: 522275, ISIN No. INE200A01018) are listed and permitted for trading on the Exchange with effect from Tuesday, February 26, 2008. Securities 79,33,335 * Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Areva T&D Systems India Limited (ATDSL), Areva T&D Instrument Transformers India Private Limited (AITPL) and Areva T&D Lightning Arresters Private Limited (ALAPL) pursuant to the scheme of Amalgamation of the Company. Dist. Nos. 39887473 to 47820807 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 19,83,334 equity shares of Rs.10/- each bearing distinctive nos. 39887473 - 41282170 and 45466263 û 46054898 issued pursuant to the scheme of Amalgamation are under lock-in up to March 01, 2011 and therefore these shares would not be good delivery in the market till then. 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 at New Delhi, the HonÆble High Court of Calcutta and the HonÆble High Court of Madras vide its Orders dated August 14, 2007, July 05, 2007 and August 31, 2007 respectively. b) Appointed Date: January 01, 2006 c) Effective Date: September 18, 2007 d) Date of Allotment: September 24, 2007 e) Exchange Ratio: f) 7 equity shares of Rs.10/- each in Areva T&D India Limited for every 15 equity shares of Rs.10/- each held in ATDSL. 7 equity shares of Rs.10/- each in Areva T&D India Limited for every 66 equity shares of Rs.10/- each held in AITPL. 4.The company's financial year ends on 31st December. (As Per BSE Notice Dated on 25.02.2008)