Standard Medical & Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 09, 2012, has approved a Scheme of Amalgamation for amalgamation of the Company with M/s. Medinova Diagnostic Services Limited, Hyderabad. As per the Scheme approved by the Board, the shareholders of the Company shall be issued equity shares of M/s. Medinova Diagnostic Services Limited in the following ratio 1 (One) Equity Share of Rs. 10/- each in the share capital of the Transferee Company (M/s. Medinova Diagnostic Services Limited) credited as fully paid up for every 10 (Ten) Equity Shares of Rs. 10/- each fully paid up held by such members in the share capital of the Transferor Company (M/s. Standard Medical and Pharmaceuticals Limited). (As Per BSE Announcement Website dated on 09.01.2012)