SSI Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 09, 2008 has approved the Scheme of Amalgamation of M/s. PVP Ventures Pvt Ltd (PVP) with the Company. The Scheme, as approved shall be subject to the requisite approvals, including that of the Shareholders and Creditors of the Company and PVP, Hon'ble High Court of Madras at Chennai, the Stock Exchanges and RBI, if applicable. SSI Ltd has informed BSE that pursuant to the Order of the Hon'ble High Court of Judicature at Madras dated February 14, 2008, a Meeting of the shareholders was held on March 15, 2008 to consider and approve the Scheme of Amalgamation between M/s PVP Ventures Pvt Ltd and SSI Ltd ("the Company"). The Scheme was approved by the Shareholders with the requisite majority. The Company would now file the Petition before the Hon'ble Court for its approval / sanction of the Scheme. (As per BSE Announcement Website dated on 19/03/2008) SSI Ltd has informed BSE that the Hon'ble High Court of Judicature at Madras at Chennai, vide its order dated April 25, 2008, received by the Company on April 30, 2008, sanctioned the Scheme of Amalgamation between PVP Ventures Pvt Ltd with SSI Ltd and their respective shareholders and creditors. Further the Company has informed that the certified copy of the Hon'ble Court order has been duly filed (uploaded on the MCA Portal) with the office of the Registrar of Companies,Tamilnadu at Chennai on May 01, 2008. Accordingly, May 01, 2008 is the "Effective Date" for the Scheme of Amalgamation as aforesaid and accordingly, M/s. PVP Ventures Pvt Ltd has been amalgamated with the Company with effect from this date. Further, pursuant to the Scheme of Amalgamation, SSI Ltd shall be re-named as "PVP Ventures Ltd" and the requisite steps are being taken for completing the procedural formalities in this regard. (As Per BSE Bulletin Dated on 02.05.2008) SSI Ltd has informed BSE regarding Allotment of 17,37,59,567 equity shares of Rs 10 each issued pursuant to the Scheme of Amalgamation between PVP Ventures Pvt Ltd with SSI Ltd and their respective shareholders and creditors. (As per BSE Announcement Website dated on 12/05/2008) With reference to the earlier announcement dated May 02, 2008 whereby the Company had informed that the Scheme of Amalgamation of PVP Ventures Pvt Ltd (PVP) with SSI Ltd (SSI / the Company) and their respective shareholders and creditors ("the Scheme") has become effective from May 01, 2008. In compliance with the terms of the Scheme, SSI Ltd has informed BSE that the Board of Directors of the Company, at its meeting held on May 12, 2008, has approved the: 1. Allotment of 17,37,59,567 (Seventeen Crore Thirty Seven Lac Fifty Nine Thousand Five Hundred and Sixty Seven) equity shares of Rs 10 each in the Company, credited as fully paid up, to the shareholders of PVP, in respect of the Equity shares / debenture held by them in PVP (prior to its merger with the Company). 2. Allotment of 40,644 14.5% Fully Convertible Debentures of Rs 100,000 each to M/s. Platex Ltd, a Company registered in Mauritius, in lieu of 40,644 Fully Convertible Debentures of Rs 100,000 held by it in PVP (prior to its merger with the Company). These FCDs are issued on the same terms and conditions on which PVP had issued. These FCDs are Unsecured, Non-Marketable, Non-Transferable and will not be listed. Consequent to issuance and allotment of aforesaid Equity shares, the paid up share capital of the Company stands increased from Rs 57,88,38,200/- (Rupees Fifty Seven Crore Eighty Eight Lac Thirty Eight Thousand Two Hundred Only) divided into 5,78,83,820 Equity shares of Rs 10 each to Rs 231,64,33,870/- (Rupees Two Hundred Thirty One Crore Sixty Four Lac Thirty Three Thousand Eight Hundred and Seventy Only) divided into 23,16,43,387 Equity shares of Rs 10 each in the Company. Further, pursuant to the Scheme of Amalgamation, the Authorised Share Capital of the Company has been increased to Rs 300 Crores, divided into 30,00,00,000 (Thirty Crore) equity shares of Rs 10 each. (As Per BSE Bulletin Dated on 13.05.2008) Trading members of the Exchange are hereby informed that the under mentioned new securities of SSI Limited (Scrip Code: 517556, ISIN No. INE362A01016) are listed and permitted for trading on the Exchange with effect from Friday, May 30, 2008. Securities 17,37,59,567 * Equity Shares of Rs.10/- each issued to the shareholders of erstwhile PVP Ventures Private Limited (PVPL) pursuant to the scheme of Amalgamation of the Company. Dist. Nos. 57883821 to 231643387 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 4,34,39,892 equity shares issued pursuant to the scheme of amalgamation are under lock-in as per details given below. Number of Distinctive No.Lock-in upto Securities From To 39,422,214 57883821 97306034 June 02, 2009 103,526 201592543 201696068 June 02, 2009 17,839 202804578 202822416 June 02, 2009 17,839 202875933 202893771 June 02, 2009 68,948 205973168 206042115 June 02, 2009 325,916 206248958 206574873 June 02, 2009 29,550 207552623 207582172 June 02, 2009 23,785 207670823 207694607 June 02, 2009 24,624 207765963 207790586 June 02, 2009 24,624 207864458 207889081 June 02, 2009 457,816 208534313 208992128 June 02, 2009 637,070 210365578 211002647 June 02, 2009 373,653 212913859 213287511 June 02, 2009 113,113 214408473 214521585 June 02, 2009 350,264 222945893 223296156 June 02, 2009 127,599 224346948 224474546 June 02, 2009 726,555 224857343 225583897 June 02, 2009 324,575 227763563 228088137 June 02, 2009 197,468 229061863 229259330 June 02, 2009 5,000 231351733 231356732 June 02, 2009 5,000 231371733 231376732 June 02, 2009 12,500 231391733 231404232 June 02, 2009 8,125 231441733 231449857 June 02, 2009 8,125 231474233 231482357 June 02, 2009 8,125 231506733 231514857 June 02, 2009 5,000 231539233 231544232 June 02, 2009 5,000 231559233 231564232 June 02, 2009 1,664 231579233 231580896 June 02, 2009 5,000 231585888 231590887 June 02, 2009 3,750 231605888 231609637 June 02, 2009 3,750 231620888 231624637 June 02, 2009 1,250 231635888 231637137 June 02, 2009 625231 640888231 641512 June 02, 2009 4,34,39,892 Number of Distinctive No.Lock-in upto Securities From To 39,422,214 97306035 136728248 June 02, 2011 103,526 201696069 201799594 June 02, 2011 17,839 202822417 202840255 June 02, 2011 17,839 202893772 202911610 June 02, 2011 68,948 206042116 206111063 June 02, 2011 325,916 206574874 206900789 June 02, 2011 29,550 207582173 207611722 June 02, 2011 23,785 207694608 207718392 June 02, 2011 24,624 207790587 207815210 June 02, 2011 24,624 207889082 207913705 June 02, 2011 457,816 208992129 209449944 June 02, 2011 637,070 211002648 211639717 June 02, 2011 373,653 213287512 213661164 June 02, 2011 113,113 214521586 214634698 June 02, 2011 350,264 223296157 223646420 June 02, 2011 127,599 224474547 224602145 June 02, 2011 726,555 225583898 226310452 June 02, 2011 324,575 228088138 228412712 June 02, 2011 197,468 229259331 229456798 June 02, 2011 5,000 231356733 231361732 June 02, 2011 5,000 231376733 231381732 June 02, 2011 12,500 231404233 231416732 June 02, 2011 8,125 231449858 231457982 June 02, 2011 8,125 231482358 231490482 June 02, 2011 8,125 231514858 231522982 June 02, 2011 5,000 231544233 231549232 June 02, 2011 5,000 231564233 231569232 June 02, 2011 1,664 231580897 231582560 June 02, 2011 5,000 231590888 231595887 June 02, 2011 3,750 231609638 231613387 June 02, 2011 3,750 231624638 231628387 June 02, 2011 1,250 231637138 231638387 June 02, 2011 625 231641513 231642137 June 02, 2011 4,34,39,892 3. 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 High Court of Judicature at Madras vide its Order dated April 25, 2008. b) Appointed Date: October 01, 2007. c) Effective Date: May 01, 2008. d) Date of Allotment: May 12, 2008. e) Exchange Ratio: For every 1 equity share of each held in erstwhile PVPL, 5 equity shares of the company have been issued. 4. The company's financial year ends on 31st March. (As Per BSE Notice Dated on 29.05.2008)