Board has approved the following: 1. Merger of M/s. BDP (India) Pvt Ltd with the Company, subject to such approval /permission as required under the Companies Act, 1956. The board also approved the issue of 1 equity share of Rs 10/- each of the Company to the shareholders of M/s. BDP (India) Pvt Ltd for every 5 equity shares of Rs 10/- held by them in the share capital of BDP (India) Pvt Ltd. Has approved the following: 1. The draft Scheme of Amalgamation for merger of BDP India Pvt Ltd, subject to approval of the Bombay Stock Exchange Ltd, shareholders and Sanctions of the High Court. (As per BSE Bulletin dated on 20/02/2006) IID Forgings Ltd has informed BSE that the pursuant to the order of the Hon'ble High Court of Judicature at Bombay, a meeting of the equity shareholders of the Company will be held on October 13, 2006, for the purpose of considering and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation between BDP India Pvt Ltd with the Company and their respective shareholders and creditors. (As per BSE Annocement website dated on 21/09/2006) IID Forgings Ltd has informed BSE that the High Court at Mumbai at the hearing held on February 02, 2007 have sanctioned the Scheme of amalgamation and merger of BDP (India) Pvt Ltd into the Company. Accordingly the share holders of BDP (India) Pvt Ltd are entitled to be allotted 312000 equity shares of Rs 10/- each of the Company and the shareholders of BDP (India) Pvt Ltd are entitled to be allotted 468000 equity shares of Rs 10/- each as Bonus shares. (As Per BSE Announcement Website Dated on 02/02/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of IID Forgings Limited (Scrip Code: 506074, ISIN No: INE968D01014) are listed and permitted for trading on the Exchange with effect from Tuesday, August 21, 2007. Securities 3,12,000* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile BDP India Pvt. Ltd. pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 7962501 to 8274500 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 78,000 equity shares issued pursuant to the scheme of amalgamation are under lock-in till August 30, 2010 and therefore these shares would not be good delivery in the market till then. The company has confirmed that these shares are issued in demat form for which necessary corporate action has been executed to have lock-in period marked in the depository's record. 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 Bombay vide its Order dated February 02, 2007. b) Appointed Date: January 01, 2006 c) Effective Date: February 27, 2007 d) Date of Allotment: March 20, 2007 e) Exchange Ratio - For every 5 (Five) Equity Shares of Rs.10/- each held in erstwhile BDP India Pvt. Ltd., 1 (One) Equity share of Rs.10/- each of the Company have been issued. 4. The company's financial year ends on 31st March. (As per BSE Notice dated on 20/08/2007)