The Board of Directors of the company at its meeting held on 29/09/2002 has approved the scheme of amalgamation of Gokhatak Enterprises Ltd., a 100% subsidiary of the company with the company. Phil Corporation Ltd has informed the Exchange that the Board of Directors at their meeting held on January 19, 2009 the Board gave its approval in principle for merger of 100% subsidiary - Gokhatak Enterprises Limited (GEL) with the Company. (As Per NSE Bulletin dated on 21.01.2009) PHIL Corporation Ltd has informed BSE that pursuant to an Order made on January 15, 2010, the Hon'ble High Court of Bombay- Goa Bench has directed that a meeting of the Equity Shareholders of the Company will be held on March 08, 2010, for the purpose of considering, and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation of GOKHATAK ENTERPRISES LTD, the Transferor Company with PHIL CORPORATION LTD, the Applicant / Transferee Company. (As Per BSE Announcement Website dated on 15.02.2010) PHIL Corporation Ltd has informed BSE that the Equity Shareholders of the Company at its Court Convened Meeting held on March 08, 2010, have unanimously approved the Scheme of Amalgamation between 100% Subsidiary - GoKhatak Enterprises Ltd. (GEL) and the Holding Company - Phil Corporation Ltd. (PCL). (As Per BSE Announcement Website dated on 11.03.2010)