Jayaswal Neco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 19, 2008, inter alia, has considered and approved subject to necessary approvals of Shareholders, Creditors, Stock Exchanges and other Regularity Bodies and further subject to sanction of the High Court in that behalf 3 separate Schemes of Arrangements as per the following. The Scheme of Arrangement providing for the Merger of Inertia Iron and Steel Industries Pvt. Ltd (IISIPL) with the Company w.e.f. March 31, 2008. The Company shall pursuant to the said Scheme of Arrangement issue and allot to the eligible shareholders of IISIPL 64 Equity Shares of Rs 10/- each credited as fully paid for every 10 shares of Rs 10/- each of IISIPL. Jayaswal Neco Industries Ltd has informed BSE that at the various Meetings of the Equity Shareholders and 10.00% Optionally Convertible Cumulative Redeemable Preference Shareholders and 0.001% Cumulative Redeemable Preference Shareholders of the Company held in accordance with the directions of the High Court of Bombay, Nagpur Bench, Nagpur on June 08, 2009, all the Three below mentioned Schemes of Arrangement have been approved with the requisite majority. 1. The Company and Inertia Iron and Steel Industries Pvt. Ltd. 2. The Company and Abhijeet Infrastructure Ltd. 3. The Company and Corporate Ispat Alloys Ltd. (As per BSE Announcement Dated on 08.06.2009) Jayaswal Neco Industries Ltd has informed BSE that at the various Meetings of the Secured Creditors of the Company held on June 09, 2009, in accordance with the directions of the High Court of Bombay, Nagpur Bench, Nagpur, all the Three Schemes of Arrangement [(i) The Company and Inertia Iron and Steel Industries Pvt. Ltd (ii) The Company and Abhijeet Infrastructure Ltd (iii) The Company and Corporate Ispat Alloys Ltd] have been approved with the requisite majority. (As Per BSE Announcement Website dated on 09.06.2009) Jayaswal Neco Industries Ltd has informed BSE that the High Court of Bombay, Bench at Nagpur, Nagpur, has passed orders all dated November 13, 2009 sanctioning all the 3 Schemes of Arrangement between the Company and Inertia Iron and Steel Industries Pvt. Ltd. (IISIPL), Abhijeet Infrastructure Ltd. (AIL), and Corporate Ispat Alloys Ltd. (CIAL). Certified true copies of the orders were received on November 21, 2009 and the same have been filed with Registrar of Companies. In terms of above Schemes of Arrangement: 1) All the Assets, Liabilities and entire business of IISIPL stand transferred to and vested in the Company w.e.f. the Appointed date namely, March 31, 2008. 2) All the Assets, Liabilities and entire business relating to the Demerged undertaking of AIL stand transferred to and vested in the Company w.e.f. the Appointed date namely April 01, 2008. 3) All the Assets, Liabilities and entire business relating to the Demerged undertaking of CIAL stand transferred to and vested in the Company w.e.f. the Appointed date namely April 01, 2008. Further the Board of Directors of the Company at its meetings held on November 24, 2009 approved the Audited Financial Statements for the year ended March 31, 2009 after taking into consideration the effect of the above Schemes of Arrangement. (As Per BSE Announcement Website dated on 30.11.2009) Jayaswal Neco Industries Ltd has informed BSE that the Registrar of Companies, Maharashtra, has pursuant to the Order dated November 13, 2009, sanctioning the Scheme of Arrangement, passed by the Hon'ble High Court at Bombay, Bench at Nagpur. In terms of the foregoing, the Authorised Share Capital of Rs. 16 Crores of Inertia Iron and Steel Industries Pvt. Ltd. which has been amalgamated with the Company in terms of the Scheme sanctioned by the said Order of the Hon'ble high Court, has been merged with that of the Company. Accordingly, the Authorised Share Capital of the Company stands enhanced from the existing Rs. 300 Crores to Rs. 316 Crores, divided in Rs. 256 Crores as Equity and Rs. 60 Crores as Preference Share Capital. (As Per BSE Announcement Dated on 30/12/2009)