Rane Engine Valve Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2014, inter alia, have considered and approved a proposal for the amalgamation of Kar Mobiles Limited ('KML' or 'the Transferor Company') with Rane Engine Valve Limited ('REVL' or 'the Company' or 'the Transferee Company') and their respective shareholders. The proposal would be implemented by a Scheme of Amalgamation ('the Scheme') under the provisions of Section 391-394 of the Companies Act, 1956 as may be amended from time-to-time, which provides for: (i) Amalgamation of Kar Mobiles Limited with Rane Engine Valve Limited (ii) In consideration for the transfer of and vesting of assets and liabilities of KML as above, REVL would issue 7 (seven) fully paid up equity share of Rs. 10/- (Rupees Ten only) each of the Transferee Company for every 10 (ten) fully paid-up equity shares of Rs.10/-(Rupees Ten Only) each, held by the shareholders in Transferor Company. (iii) Post amalgamation, the shares of Rane Engine Valve Limited would continue to be listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The voluntary delisting application submitted to Madras Stock Exchange Limited by Rane Engine Valve Limited is pending for their approval. The above proposal is subject to satisfaction of various conditions, including obtaining necessary approvals from the shareholders, creditors and regulatory authorities including Securities and Exchange Board of India (SEBI), Stock Exchanges under the Listing Agreement, and sanction of the Scheme by the High Court of Judicature at Madras. Further, the Company has also submitted a copy of News release in this connection. Rane Engine Valve Ltd has informed BSE that April 28, 2015 has been fixed as the Record Date for the purpose of allotment of Equity Shares to KML Shareholders, pursuant to Scheme of Amalgamation of Kar Mobiles Ltd (KML) with Rane Engine Valve Ltd (REVL). (As per BSE Announcement Dated on 17.04.2015) SUB. : - Scheme of Amalgamation of Kar Mobiles Ltd. (Scrip Code 590053). Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of Kar Mobiles Limited with Rane Engine Valve Ltd as approved by the Hon'ble High Court of Judicature at Madras, Rane Engine Valve Ltd has fixed a Record Date to determine the entitlement of shareholders of Kar Mobiles Ltd. to the equity shares of Rane Engine Valve Ltd. Trading Members are advised not to deal in the equity shares of Kar Mobiles Ltd. with effect from the under mentioned date. COMPANY NAME CODE Kar Mobiles Ltd. (590053) RECORD DATE 28/04/2015 PURPOSE The Scheme of Amalgamation: - Amalgamation of Kar Mobiles Ltd. with Rane Engine Valve Ltd. Upon the Scheme becoming effective, in consideration of transfer and vesting of the Undertaking of Kar Mobiles Ltd. in Rane Engine Valve Ltd, Rane Engine Valve Ltd shall issue and allot shares to all the shareholders of Kar Mobiles Ltd. in the following share exchange ratio: 7 (SEVEN) equity shares of Rs. 10/- each of Rane Engine Valve Ltd. for every 10 (TEN) equity shares of Rs. 10/- each held in Kar Mobiles Ltd. NO DEALINGS FROM 27/04/2015 DR-018/2015-2016 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Date on 17.04.2015) Rane Engine Valve Ltd has informed BSE that at the meeting of the working committee of board of directors of the Company held on May 04, 2015 the Committee has allotted 15,68,000 equity shares of Rs. 10/- each as fully paid-up to the shareholders of Kar Mobiles Limited in the ratio of 7 (seven) fully paid up Equity Shares of Rs.10/- (Rupees Ten only) of the Company for every 10 shares of Rs.10/- (Rupees Ten only) held in Kar Mobiles Limited, pursuant to clause 5.1 of the Scheme of Amalgamation sanctioned by Hon'ble High Court of Judicature at Madras. These newly allotted equity shares rank pari passu with the existing equity shares of the Company in all respects, including dividend. (As Per BSE Announcement Dated on 04.05.2015)