Motherson Sumi Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2011, inter alia, has approved the following: 1. The merger of Sumi Motherson Innovative Engineering Limited (SMIEL), a Company engaged in the manufacture of components for wiring harnesses and other plastic components with Motherson Sumi Systems Limited (MSSL). The Board further approved appointment of independent valuer for determining fair exchange ratio for the merger. Motherson Sumi Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2011, inter alia, approved the merger of Sumi Motherson Innovative Engineering Limited (SMIEL) with the company with effect from April 01, 2011, subject to necessary approvals. Further, the Board has recommended an exchange ratio of 10 shares of Rs. 1 each fully paid up for every 57 equity shares of Rs. 10 each held by shareholders of SMIEL. The Company will issue 4,420,360 new shares, thereby increasing its equity capital to Rs. 3,919.64 lakhs. (As Per BSE Announcement Website dated on 25.05.2011)