Rane Engine Valves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 20, 2007, has taken the following decisions: 1. The manufacturing undertakings of the Company would be demerged into a new manufacturing Company with appointed date as April 01, 2007. The equity shares of the new manufacturing Company will be listed on the Stock Exchanges. 2. The residual non-manufacturing business of the Company would be merged with Rane Holdings Ltd (RHL). 3. In consideration of the above, for every 100 shares held in the Company, the shareholders would be allotted shares as under: a. 100 shares in the new manufacturing Company and b. 56 shares in Rane Holdings Ltd. 4. The above restructuring would be effected through a composite scheme of arrangement to be filed before the Hon. High Court of Madras. SUB. :- Scheme of Arrangement of Rane Engine Valves Ltd. (Scrip Code 532490) Trading members of the Exchange are hereby informed that, Rane Engine Valves Ltd. has fixed the Record Date for the purpose of Scheme of demerger, merger and amalgamation of Rane Engine Valves Ltd. with Rane Holdings Ltd. Trading members are advised not to deal in the equity shares of Rane Engine Valves Ltd. with effect from the under mentioned date. COMPANY NAME CODE Rane Engine Valves Ltd. 532490 RECORD DATE 22/02/2008 PURPOSE The Scheme of Arrangement: - 1. Demerger and vesting of the Manufacturing undertaking of the Company into Techcons Ltd. Upon this scheme becoming operative and upon vesting of the manufacturing undertaking of Rane Engine Value Ltd. into Techcons Ltd., Techcons shall issue and allot to the equity shareholders of Rane Engine Valves Ltd. in the ratio of 1 (ONE) equity share of Rs.10/- each fully paid-up of Techcons Ltd. for every 1 (ONE) equity share of Rs.10/- each fully paid up held in Rane Engine Valves Ltd. 2. Amalgamation of the company with Rane Holdings Ltd.: - Determining entitlement of shareholders of Rane Engine Valves Ltd. pursuant to the amalgamation of Rane Engine Valves Ltd. with Rane Holdings Ltd. Rane Holdings Ltd. will issue and allot to the shareholders of Rane Engine Valves Ltd. in the ratio of 56 (FIFTY SIX) equity shares of Rane Holdings Ltd. for every 100 (ONE HUNDRED) Equity Shares held in Rane Engine Valves Ltd.15/02/2008 DR-225/2007-2008 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 11.02.2008) Trading members of the Exchange are hereby informed that the under mentioned new securities of Rane Engine Valve Limited (formerly known as Techcons Limited) are listed and permitted for trading on the Exchange with effect from Tuesday, June 24, 2008. Name of the Company : Rane Engine Valve Limited (RANENG) Registered Office :'Maithri', 132 Cathedral Road, Chennai - 600 086. Tel. No.: 044 28112472 Fax No.: 044 28112449 Email: investorservices@rane.co.in Web: www.rane.co.in Securities : 51,50,992 Equity Shares of Rs.10/- each fully paid-up issued pursuant to the scheme of Arrangement of the company Distinctive numbers : 1 - 5150992 Scrip Code : 532988 Group : B Market Lot : 1 Face Value & Paid up value : Rs.10/- each fully paid Scrip ID on BOLT System : RANENG Abbreviated name on BOLT System : RANE ENGVL ISIN No. : INE222J01013 Trading members may please note that 20,60,398 equity shares of the Company are under lock-in as per the details given below: Number of Details of Date upto which Shares Dist. Nos. locked in 10,30,199 1234903 to 2265101 31.12.2008 10,30,199 2265102 to 3295300 30.06.2011 2. The particulars of the Scheme of Arrangement are as mentioned below: a) The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Madras by its Order dated December 20, 2007. b) Appointed Date: April 01, 2007. c) Effective date: February 06, 2008 d) Date of Allotment: February 28, 2008 e) Pursuant to the scheme, the Manufacturing undertaking of erstwhile Rane Engine Valves Limited (REL), was transferred to RANENG and in consideration thereof, RANENG has issued and allotted 51,50,992 equity shares of Rs.10/- each to the shareholders of REL in the ratio of 1 (One) equity share of Rs.10/- each fully paid up for every 1 (One) equity share of Rs.10/- each held in REL. f) The issued, subscribed and paid-up equity capital of the company post arrangement comes to Rs.515.09 lacs consisting of 51,50,992 equity shares of the face value of Rs.10/- each fully paid up. 3. As per Exchange Notice No. 20080211-23 dated February 11, 2008, REL has fixed Record Date as February 22, 2008, for giving effect to the scheme of arrangement. Accordingly dealing in the securities of REL was stopped w.e.f. February 15, 2008. 4. The Information Memorandum containing all the information about the company can be viewed at http://www.bseindia.com/ipo/schema.asp or on the CompanyÆs Website on www.rane.co.in . 5. The share transfer documents should be sent to the registrar of the company at the address mentioned below: Integrated Enterprises Limited Unit : Rane Engine Valve Limited 2nd floor, 'Kences Towers' No:1, Ramkrishana Street, T. Nagar, Chennai - 600017 Tel. No.: 044 - 2814 0801 Fax No.: 044 - 2814 2479 E-mail: yesbalu@iepindia.com 6. The Company's Financial Year ends on 31st March. (As Per BSE Notice Dated on 20.06.2008)