Enkei Castalloy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the Scheme of Arrangement between the Company (proposed Demerged Company) and Enkei Wheels (India) Ltd (proposed Resulting Company) for demerger of Wheel business of the Company into Enkei Wheels (India) Ltd under Section 391 to 394 and other relevant Sections of the Companies Act, 1956 subject to the approval of the Stock Exchanges, Company's shareholders and Hon'ble High Court of Mumbai and the necessary approvals under various statutes. The Appointed Date for the demerger shall be April 01, 2009. Further Board has also taken on record the following: (1) The Valuation Report of M/s. Haresh Upendra & Co., Chartered Accountants, Pune, recommending exchange ratio of 1 Equity Share of Rs 5/- each of Enkei Wheels (India) Ltd for every 1 Equity Share of Rs 5/- each held by the shareholders in the Company. (2) 'Fairness Option' of Fortress Capital Management Services Pvt. Ltd. Enkei Castalloy Ltd has informed BSE that pursuant to the directions of the High Court of Judicature at Bombay, a meeting of the Equity Shareholders of the Company was held on January 09, 2010: 1. For considering and approving arrangement embodied in the Scheme of Arrangement between 'Enkie Castalloy Ltd' the Demerged / Applicant Company and 'Enkie Wheels (India) Ltd', the Resulting Company. 2. For considering and approving the reduction and utilisation of Securities Premium Account to the extent of Rs. 100 lacs of Enkie Castalloy Ltd. At the said meeting a poll was conducted for considering and approving the resolutions mentioned in the notice convening the meeting. Further the Company has informed that, at the aforesaid meeting the said scheme has been approved unanimously without modifications and accordingly both the resolutions stand approved. (As Per BSE Announcement Website dated on 11.01.2010) Enkei Castalloy Ltd has informed BSE that the Hon'ble High Court of Bombay Judicature has on February 26, 2010 approved the proposed scheme of demerger of Wheel Division of the Company into a separate Company viz. Enkei Wheels (India) Ltd. Final Order is awaited. (As Per BSE Announcement Website dated on 02.03.2010) SUB. :- Scheme of Arrangement of Enkei Castalloy Ltd. (Scrip Code 531147) Trading Members of the Exchange are hereby informed that, Enkei Castalloy Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company. COMPANY NAME CODE Enkei Castalloy Ltd. (531147) RECORD DATE 22/04/2010 PURPOSE Scheme of Arrangement: - Demerger of the Wheel Division of Enkei Castalloy Ltd. and its vesting in Enkei Wheels (India) Ltd. Upon coming into effect of the Scheme and in consideration of the transfer of the Wheel Division of Enkei Castalloy Ltd. into Enkei Wheels (India) Ltd., Enkei Wheels (India) Ltd. shall issue and allot in the ratio of 1 (ONE) equity share of Rs.5/- each fully paid up of Enkei Wheels (India) Ltd. for every 1 (ONE) Equity Share of Rs.5/- each held in Enkei Castalloy Ltd. EX-ENTITLEMENT DATE & 21/04/2010 DR-015/2010- 2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 15.04.2010)