At the meeting of the Board of Directors of Star Cement Limited ('Transferee Company') held today, the Board has approved of the Scheme of Amalgamation of the wholly owned subsidiary, namely Megha Technical & Engineers Private Limited ('Transferor Company') with the Transferee Company, with effect from April 01, 2018 (Appointed Date). Since the Transferor Company is a wholly owned subsidiary of the Transferee Company, all Equity Shares of the Transferor Company shall stand cancelled upon the Scheme becoming effective, without issue or allotment of any new shares in lieu of such Equity Shares. The Scheme is subject to necessary statutory and regulatory approvals including sanction of the Hon'ble National Company Law Tribunal. The details as required under Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed herewith as Annexure A. We wish to inform you that the Company had intimated to the Stock Exchanges vide its letter dated 17th May, 2018 about a proposal for amalgamation of Megha Technical & Engineers Private Limited, a wholly owned subsidiary of the Company with the Company. The Company has however not been able to proceed with the filing of the Scheme due to certain technical constraints. The Board of Directors of the Company at its meeting held today, i.e., 21st June, 2019 has unanimously decided not to proceed with the Scheme of Amalgamation and to withdraw the Scheme. Request you to kindly take the same in your record. (As Per BSE Announcement Dated on 21.06.2019)