Board has in principle approved the proposal to amalgamate Electrolux Kelvinator 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. Videocon Industries Limited has informed the Exchange that the BODs at their meeting held on August 13, 2005 in principle approved the proposal to amalgamate Electrolux Kelvinator Limited with Videocon Industries Limited 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. (As per NSE Bulletin dated on 16/08/2005) Videocon Industries Limited has informed the Exchange that the BoDs of the Company: (1) Approved the Scheme of Amalgamation of EKL Appliances Ltd (formerly: Electrolux Kelvinator Ltd) with the Company. (2) Approved and taken on record the Valuation report. The Exchange ratio is fixed at 1 (One) fully paid up equity share of Videocon Industries Ltd for every 27,619 (Twenty Seven Thousand Six Hundred Nineteen only) fully paid up equity shares of Rs.10/- each. (3) Fixed the appointed date as January 01, 2005. (As Per NSE Bulletin dated on 21/03/2006) The company has informed that the Board of Directors of the Company has decided the following: 1. Approved the Scheme of Amalgamation of EKL Appliances Ltd (Formerly: Electrolux Kelvinator Ltd) with the Company. 2. Approved and taken on record the Valuation Report. The exchange ratio is fixed at 1 fully paid up equity share of the Company for every 27,619 fully paid up equity shares of Rs 10/- each. 3. Fixed the appointed date as January 01, 2005. (As per BSE Bulletin dated on 22/03/2006)