Board has in principle approved the proposal to amalgamate Videocon International Ltd with the Company subject to necessary approvals of the Members / Creditors of both the Companies, and other necessary approvals from different authorities and subject to sanction of scheme by the Hon'ble High Court, Mumbai. Further the Company has informed that in connection with the above: 1. The Board has approved the Scheme of Amalgamation of Videocon International Ltd with the Company. 2. The Swap Ratio is fixed at 1:5 i.e., Shareholders of Videocon International Ltd holding 5 equity shares will get 1 share of the Company. (As per BSE Bulletin dated on 07/07/2005) The company has informed that pursuant to the order of Hon'ble High Court of Bombay, the separate meeting of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company will be held on September 26, 2005, for the purpose of considering and if thought fit, approving, with or without modifications the arrangement embodied in the Scheme of Amalgamation of Videocon International Ltd, the Transferor Company with the Company. (As per BSE Bulletin dated on 09/09/2005) The company has informed that the Hon'ble High Court of Judicature at Bombay has sanctioned / approved the Scheme of Amalgamation of Videocon International Ltd with the Company. (As per BSE Bulletin dated on 25/11/2005) Videocon Industries Limited has informed the Exchange that the Scheme of Amalgamation of Videocon International Limited with Videocon Industries Limited has become effective on December 07, 2005 upon filing of the Orders passed by the Hon'ble High Court of Judicature at Bombay sanctioning Scheme of Amalgamation, with the Registrar of Companies, Maharashtra, Mumbai. Videocon Industries Limited has informed the Exchange that the Company has fixed January 16, 2006 as Record Date for determining the shareholders entitled for allotment of shares pursuant to Scheme of Amalgamation. The Details are as under: (a) Purpose: Pursuant to Scheme of Amalgamation of Videocon International Limited with Videocon Industries Limited. (b) Ratio: One Fully Paid Equity Share of Videocon Industries Limited for every Five Fully Paid Equity Shares in Videocon International Limited. (c) Fractional Shares: Any Shareholder entitled to a fraction of a share of Videocon Industries Limited, such Equity Shares as would represent total fractional capital will be allotted in the name of one of the Directors or Officers of the Transferee Company on express undertaking that such Director or Officer shall as soon as conveniently be possible sell the same and distribute the sale proceeds thereof after deducting all relevant expenses among the shareholders of the Transferor Company in proportion of their respective fractional entitlement. (As per NSE Bulletin dated on 12/12/2005) Trading members of the Exchange are hereby informed that the under mentioned new securities of Videocon Industries Ltd. (Scrip Code: 511389; ISIN No. INE703A01011), are listed and permitted for trading on the Exchange with effect from Tuesday, March 07, 2006. Securities 1,42,42,488 *Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of erstwhile Videocon International Ltd. pursuant to the Scheme of Amalgamation of the Company. * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 50,57,951 equity shares of the Company are under lock-in/pledged with banks as a collateral as per the details below and therefore these shares would not be good delivery in the market till then. The company has confirmed that the share certificates have been enfaced with a stamp regarding its non-transferability. Number of Shares Date upto which lock-in/pledge 1949944 @Demat/ Physical - 16-12-2006 1994707 Demat - 01-03-2007 1113300 *Physical 06-03-2007 @ these shares are pledged with banks as a collateral. * Details of distinctive numbers are enclosed as Annexure. 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the Company was approved by the Hon'ble High Court of Mumbai vide its order dated November 25, 2005. b)The appointed date: December 31, 2004 c) Date of Allotment: January 31, 2006 d)Exchange Ratio: For every five fully paid-up equity shares of Rs.10/- each held in erstwhile Videocon International Ltd, one fully paid-up equity share of Rs.10/- each of the company have been issued. 4. As per Exchange Notice Nos. 20051219-27 dated December 19, 2005, the transferor company viz. Videocon International Ltd. had fixed January 16, 2006 as Record Date, for giving effect to the Scheme and accordingly, trading in the shares of the said transferor company was stopped with effect from January 06, 2006. 5. The company's financial year ends on 31st March. In continuation to the Exchange Notice No: 20060306-14 dated March 6, 2006, regarding listing of equity shares of Videocon Industries Ltd. (Scrip Code: 511389; ISIN No. INE703A01011), trading members of the Exchange may note the distinctive nos. in respect of 1,42,42,488 equity shares as 206743346 to 220985833. (As per BSE Notice dated on 06/03/2006)