Shivalik Global Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, 2006, to approve the draft Scheme of Amalgamation of Shyam Tex International Ltd and to approve the valuation report and share exchange ratio. Shivalik Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 20, 2006 has given its approval to the draft scheme of amalgamation of Shyam Tex International Ltd (a subsidiary of the Company) and also approved the valuation report along with Share Exchange Ratio. (As per BSe Annocement website dated on 20/09/2006) Shivalik Global Ltd has informed BSE that, pursuant to the order of the Hon'ble High Court of Delhi, a meeting of the shareholders of the Company will be held on February 28, 2007, for the purpose of considering and if thought fit, approving, with or without modifications, arrangement embodied in the proposed Scheme of Amalgamation between Shyam Tex International Ltd and the Company. (As Per BSE Announcement Website Dated on 09/02/2007) Shivalik Global Ltd has informed BSE that Petitions under Section 391(2), 392 & 394 of the Companies Act, 1956 for the sanctioning of a Scheme of Merger / Amalgamation of Shyamtex International Ltd with the Company was presented before the Hon'ble High Court of Delhi by the above two Companies on March 14, 2007 and the said was listed on March 19, 2007 before the Hon'ble Company Judge and after hearing the counsel for the Petitioners, the said Petition is fixed, after notice, for hearing on May 25, 2007, before the Hon'ble Company Judge of Delhi High Court. (As Per BSE Announcement Website Dated on 14/05/2007) Shivalik Global Ltd has informed BSE that Hon'ble High Court of Delhi sanctioned the scheme of amalgamation of "M/s. Shyam Tex International Ltd with the Company". (As Per BSE Announcement Website Dated on 11/06/2007) Shivalik Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2007, inter alia, has adjourned the matter of Allotment of Shares to the shareholders of "M/s. Shyam Tex International Ltd" pursuant to the "Scheme of Amalgamation" due to non-availability of some statutory approvals. Further Board has decided to convene this matter in the next Board meeting of the Company. (As Per BSE Announcement Website Dated on 30/06/2007) Shivalik Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 09, 2007 has approved the Allotment of 3200000 Shares to the shareholders of "M/s. Shyam Tex International Ltd" pursuant to the Scheme of Amalgamation approved by the Hon'ble High Court of Delhi on May 25, 2007. (As Per BSE Announcement Website Dated on 09/07/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Shivalik Global Limited (Scrip Code: 532730, ISIN No: INE353H01010) are listed and permitted for trading on the Exchange with effect from Monday, November 5, 2007. Securities 32,00,000* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Shyam Tex International Ltd. pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 24252681 to 27452680 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that above Equity shares are under lock-in as per details given below and therefore these shares would not be good delivery in the market till then. Number of Shares Details of Dist. Nos. Date upto which lock in 24,00,000 Demat 05/11/2008 8,00,000 Demat 05/11/2010 32,00,000 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 Delhi vide its order dated May 25, 2007. b. Appointed Date: April 01, 2006 c. Effective Date: June 14, 2007 d. Date of Allotment: July 09, 2007 e. Exchange Ratio - For every 2 (Two) fully paid up equity shares of Rs.10/- each held in erstwhile Shyam Tex International Ltd., 1 (One) fully paid up 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 02/11/2007)