The company has announced that the Company has entered into a Memorandum of Understanding (MoU) with DatarSwitchgear Ltd, Nashik (DSL) for a merger of DSL with the Company under a scheme to be approved by BIFR. DSL is presently engaged in the manufacture of electrical and electronic products. DSL was a pioneer in the field of Minutes Circuit Breakers (MCB) and Earth Leakage Circuit Breakers (ELCB) and has been manufacturing them since 1984. DSL's products for building electrical segment are well accepted, though over the last few years. DSL was not able to exploit its full potential due to various constraints. DSL brings with it a core technology available with very few manufacturers world over. Before the merger, DSL will transfer its electronics business and the other identified liabilities, including the award it has received under an arbitration with Maharashtra State Electricity Board and related litigation to an identified Company. As part of the arrangement for merger with DSL, the Company will assume debt of approximately Rs 240 million. The Company's equity share capital will not undergo any significant dilution post merger. The Company, a leader in the low voltage switchgear business, is currently marketing the MCBs and ELCBs imported from Hager, France, which service the premium end of building segment. With the products from DSL, the Company will serve the entire building electrical segment - both the premium and the mass market. The Company has commenced work on product augmentation along with DSL. The building electrical segment has tremendous growth potential in India on the back of impressive growth of service industry, higher growth of housing sector and improved focus on infrastructure upgradation. This acquisition is in line with the Company's plans to expand the product range in the low voltage electrical business. After obtaining the approval of DSL's lenders, the scheme will be filed with BIFR for its approval. The scheme will be placed before the shareholders of the Company on receipt of directions from BIFR. The company has informed that the members of the Company will consider to approve, by way of Postal Ballot, the following resolutions: 1. Scheme of Amalgamation of Datar Switchgear Ltd with the Company, forming part of the Scheme of Rehabilitation of Datar Switchgear Ltd, subject to sanction of the same by the Board for Industrial and Financial Reconstruction. 2. To issue and allot 1 equity share of Rs 2/- each of the Company credited as fully paid up to singular consolidated body of shareholders of Datar Switchgear Ltd or such number of equity shares and in such proportion as may be determined in the Scheme finally sanctioned by the Board for Industrial and Financial Reconstruction or any such other authority, as the case may be. The Company has appointed Mr S N Ananthasubramanian, Practising Company Secretary, as Scrutinizer for conducting Postal Ballot process in a fair and transparent manner. The Postal Ballot forms duly completed should reach the Scrutinizer on or before the close of working hours of June 12, 2006. The Scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the Postal Ballot will be announced on June 13, 2006. (As per BSE Bulletin dated on 10/05/2006) Larsen & Toubro Ltd (L&T) has informed BSE that the members of the Company by way of Postal Ballot have approved the Special Resolution for the scheme of amalgamation of Datar Switchgear Ltd with the Company and Issue of One Equity shares of Rs 2/- of the Company to the singular consolidated body of Shareholders of Datar Switchgear Ltd, with requisite majority. (As per BSE Bulletin dated on 14/06/2006) Trading members of the Exchange are hereby informed that the under mentioned new securities of Larsen & Toubro Ltd. (Scrip Code: 500510, ISIN No: INE018A01030) are listed and permitted for trading on the Exchange with effect from Thursday, November 2, 2006. Securities 2* Equity Shares of Rs.2/- each issued to the singular consolidated body of shareholders of erstwhile Datar Switchgear Limited pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 280038711 to 280038712 These shares are ranking pari-passu with the existing equity shares of the company. 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 Board for Industrial & Financial Reconstruction vide its Order dated September 25, 2006. b) Effective Date: October 3, 2006 c) Appointed Date: April 01, 2005 d) Date of Allotment: October 12, 2006 The company's financial year ends on 31st March. (As Per BSE Notice Dated on 02/11/2006)