Jindal Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 28, 2011, inter alia, has considered and approved, in-principle, the proposed Amalgamation of Scan Services Pvt. Ltd. with Jindal Capital Ltd. and other connected matters. Further, the Board of Directors of the Company is scheduled to meet on May 07, 2011, inter alia, to consider and approve the share exchange ratio, draft Scheme, etc., and Other connected matters. Jindal Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2011, fixed the following share exchange ratio for the purpose of the proposed amalgamation of Scan Services Pvt. Ltd. with Jindal Capital Ltd. - The Transferee Company- Jindal Capital Ltd. will issue 2 (two) Equity Shares of Rs. 10 each, credited as fully paid up, for every 5 (five) Equity Shares of Rs. 2 each held in the Transferor Company Scan Services Pvt. Ltd. The Board has unanimously approved the draft Scheme of Amalgamation of Scan Services Pvt. Ltd. with Jindal Capital Ltd. and other connected matters. Decision of the Board is subject to further approval of the concerned High court(s) and other competent authorities, if any. (As Per BSE Announcement Website dated on 09.05.2011) Jindal Capital Ltd has informed BSE that at Hon'ble High Court convened meeting of the Equity Shareholders of the Company held on September 24, 2011 unanimously approved, the scheme of amalgamation proposed to be made between Scan Services Private Ltd. and Jindal Capital Ltd. (As Per BSE Announcement Website dated on 27.09.2011) Jindal Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2012, inter alia, has issued and allotted 40,00,000 equity shares to the shareholders of erstwhile Scan Services Pvt. Ltd. (Transferor Company) in pursuance to the Scheme of Amalgamation of Scan Services Pvt. Ltd. with Jindal Capital Ltd. approved by the Hon'ble High Court of Delhi vide order dated December 01, 2011. (As Per BSE Announcement Website dated on 02.04.2012)