EGM 09/01/2006 To consider Special Resolution subject to the sanction of the Board for Industrial and Financial Reconstruction (BIFR) under the Provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), a Scheme of Amalgamation of Jeetstex Engineering Ltd (JEL) with the Company as laid before the meeting, be and the same is hereby approved and the Board of Directors of the Company or any Committee appointed by the Board for the purpose be and is hereby authorised to accept such alterations and modifications in the Scheme as may be stipulated or required by BIFR, Operating Agency, Financial Institutions, Banks, State or Central Government Authorities, Creditors and Employees of JEL, if any, while sanctioning or participating in the said Scheme of Amalgamation and /or granting such approvals , if any, required in connection therewith, which the Board of Directors of the Company or its Committee appointed for the purpose may deem fit and in the interest of the Company and to do such acts, deeds and things as may be necessary to give effect to the said Scheme of Amalgamation. Lakshmi Machine Works Ltd. has informed the Exchange that the Board for Industrial and Financial Reconstruction vide its order no.378/1999 dated May 25,2006 had approved the merger of Jeetstex Engineering Limited (JEL), the wholly owned subsidiary, with the Company with effect from April 01,2005. As JEL is a wholly owned subsidiary of LMW, the issue of consideration to the erstwhile shareholders of JEL does not arise. Necessary returns are filed with the Registrar of Companies, Tamilnadu, Coimbatore. (As per NSE Bulletin dated on 12/06/2006)