Larsen & Toubro Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2013, have approved a Scheme of Arrangement between Larsen & Toubro Limited and L&T Hydrocarbon Engineering Limited, a wholly owned subsidiary of the Company ('LTHE') and their respective Shareholders and Creditors which inter alia envisages business transfer of the Hydrocarbon Independent Company undertaking along with related assets and liabilities of into LTHE and other consequential matters under the provisions of Sections 391 to 394 of the Companies Act, 1956. The Company currently holds 100% of the paid-up Equity Share Capital of LTHE. Considering the growth opportunities in the Hydrocarbon sector, the need for strengthening managerial bandwidth etc, it is considered desirable to presently keep LTHE as a wholly owned subsidiary of the Company. The salient features of the proposed Scheme are as under : 1. The Company's Hydrocarbon Business engaged in providing and undertaking design to build engineering, procurement and construction solutions on turnkey basis in oil & gas, petroleum refining, chemicals & petrochemicals and fertiliser sectors, pipelines, which include front end design through engineering, procurement, fabrication, project Management, construction and installation up to commissioning services would be transferred into LTHE for a total consideration of Rs. 1760 crore to be paid in cash by LTHE. 2. The Appointed Date of the Scheme would be April 01, 2013. 3. All assets and liabilities of Hydrocarbon business along with other related assets and liabilities will be transferred to LTHE at book values. 4. There would be no issue of Shares by LTHE to the Shareholders of the Company pursuant to transfer of Hydrocarbon business. Larsen & Toubro Ltd has submitted to BSE a copy of Result of the Poll conducted in the Court Convened Meeting dated August 12, 2013 for approving the Scheme of Arrangement between Larsen & Toubro Limited and L&T Hydrocarbon Engineering Limited, and their respective shareholders and creditors, pursuant to Clause 35A. (As per BSE Announcement Dated on 13.08.2013) Larsen & Toubro Ltd has informed BSE that the Scheme of Arrangement (the 'Scheme') between Larsen & Toubro Limited (the 'Company') and L&T Hydrocarbon Engineering Limited ('LTHE', a wholly owned subsidiary of the Company) and their respective Shareholders and Creditors for transfer of the HCIC Undertaking of the Company to LTHE has been sanctioned by the Hon'ble High Court of Judicature at Bombay. The Scheme will be effective once the Court order is received and filed with the Registrar of Companies, in due course. (As per BSE Announcement Dated on 24.12.2013) Larsen & Toubro Ltd has informed BSE that The Scheme of Arrangement between Larsen & Toubro Limited (L&T) and its wholly owned subsidiary L&T Hydrocarbon Engineering Limited (LTHE) had been sanctioned by the High Court of Judicature at Bombay on December 20, 2013. Pursuant to SEBI Circular No. CIR/CFD/DIL/5/2013 dated February 04, 2013 and SEBI Crcular No. CIR/CFD/DIL/8/2013 dated May 21, 2013, L&T submits to the Stock Exchange the following: 1. Copy of the High Court approved Scheme; 2. Result of voting by shareholders for approving the Scheme; 3. Complaints Report as per Annexure II of the Circular dated February 04, 2013. Further, since there are no changes in the Approved Scheme vis-a-vis the Draft Scheme, a statement explaining the changes has not been attached. Also, the Company have duly complied with the Observation Letter/s of the stock exchanges. (As per BSE Announcement Dated on 26.12.2013)