Vishal Retail Limited has informed the Exchange that in respect of the meeting of the Board of Directors of the Company held on November 18, 2009, it was decided to Merge a Company by the name of Vishal Water World Private Limited with Vishal Retail Limited pursuant to Section 391 to 394 of the Companies Act, 1956. The Board of Directors had also took note and adopted the Scheme of Merger, Valuation Report and the Fairness Opinion on the scheme of merger. Vishal Retail Ltd has informed BSE that the application for withdrawal of scheme of merger of Vishal Waterworld Pvt. Ltd. and Vishal Retail Ltd. has been granted by the Hon'ble high Court of Delhi as per the order dated March 11, 2010. Accordingly the meeting of equity shareholders / secured creditors and unsecured creditors be dispense with. (As Per BSE Announcement Dated on 12/03/2010)