Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 26, 2012 has considered and, subject to necessary approvals(s), approved a scheme of demerger under Sections 391 - 394 of the Companies Act, 1956 (æ'Scheme of Demerger') with Jindal Poly Investments and Finance Company Limited ('JPIFCL'') a wholly owned subsidiary of the Company, incorporated under the Companies Act, 1956 and having its registered office at 19th K.M., Hapur-Bulandshahr Road, P. O. Gulaothi, Distt. Bulandshahr, U.P. The proposed Scheme of Demerger involves transfer, by way of demerger of the CompanyÆs investment undertaking, comprising inter alia of investments of the Company in its power business, liquid investments and other assets to JPIFCL. Further, pursuant to the aforesaid Scheme of Demerger, JPIFCL shall issue and allot equity shares in the ratio of 1 (one) equity share of face value of Rs. 10/- each, fully paid-up, to each shareholder of the Company for every 4 (four) equity shares of face value of Rs. 10/- each held by such shareholder in the Company on a record date to be fixed by the Board of Directors after approval of the Scheme of Demerger by the concerned High Court. The fractional entitlement(s) arising as a result of such allotment shall be taken care of in terms of the Scheme of Demerger. Accordingly, JPIFCL shall issue and allot to the shareholders of the Company a total of 1,05,11,929 fully paid up equity shares of Rs. 10/-each, on the Scheme of Demerger becoming effective. The equity shares of JPIFCL are proposed to be listed on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE). The Scheme of Demerger shall facilitate the running of the manufacturing business of the Company which is the core business of the Company, with a greater and focused approach Further, the Scheme of Demerger shall help to create a focused holding company mainly for investments. Thus, the Scheme of Demerger shall help to effectively cater to the independent growth plans for each of the businesses of the Company. Jindal Poly Films Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad, at its hearing held on May 16, 2013, has sanctioned the Scheme of Demerger of Investment Division of the Company into Jindal Poly Investment and Finance Company Limited. In this regard, the Hon'ble High Court, at the aforesaid hearing, has pronounced its order, however, the formal order of the High Court is awaited. On receipt of the same, the Company shall deliver to stock exchange a copy of the same. Also, a copy of said formal order of High Court shall be filed with Registrar of Companies. Uttar Pradesh, and upon said filing the Scheme shall become effective. (As per BSE Announcement Dated on 17.05.2013) With reference to the earlier announcement dated May 17, 2013 informing about the approval of Scheme of Demerger of Investment Division of the Company into Jindal Poly Investment and Finance Company Limited by Hon'ble High Court of Allahabad, Jindal Poly Films Ltd has now informed BSE that the Company has now received the formal order from Hon'ble High Court of Allahabad. (As Per BSE Announcement Dated On 17.06.2013) Jindal Poly Films Ltd has informed BSE that July 18, 2013 has been fixed as the record date for ascertaining the list of shareholders to whom 1 [one) fully paid up equity share of Jindal Poly Investment and Finance Company Limited will be issued for every 4 (four) existing fully paid up equity share of Rs. 10/- each of the Company held on the record date as per scheme of demerger sanctioned by the Hon'ble High Court of Allahabad vide order dated May 16, 2013. (As per BSE Announcement Dated on 03.07.2013) SUB. :- Scheme of Arrangement of Jindal Poly Films Ltd. (Scrip Code 500227) Trading Members of the Exchange are hereby informed that, Jindal Poly Films Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by Hon'ble High Court of Judicature at Allahabad. COMPANY NAME CODE Jindal Poly Films Ltd. (500227, 600227) RECORD DATE 18.07.2013 PURPOSE Scheme of Arrangement: - Upon the coming into effect of the Scheme and in consideration of the demerger of the investment Division of Jindal Poly Films Ltd. to Jindal Poly Investment and Finance Company Ltd. Jindal Poly Investment and Finance Company Ltd.shall issue and allot to all shareholders of Jindal Poly Films Ltd in the following ratio: 'For every 4 (FOUR) equity shares of Rs.10/- each, held in Jindal Poly Films Ltd, every equity shareholder of Jindal Poly Films Ltd shall be entitled to receive 1 (ONE) equity share of Jindal Poly Investment and Finance Company Ltd. of Rs.10/- each fully paid up'. EX-ENTITLEMENT FROM DATE & SETT. NO. 17/07/2013 DR-074/2013- 2014 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from B' group to T' group w.e.f July 17, 2013 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on July 17, 2013. The resulting company i.e. Jindal Poly Investment and Finance Company Limited will be listed on BSE Limited. (As Per BSE Notice Dated on 08.07.2013)