Uttam Value Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2014, inter alia, have taken the following decisions: 1. The Board, subject to the Memorandum of Association and Articles of Association of the Company, approval of the members and creditors of the Company, stock exchanges, Securities and Exchange Board of India, Reserve Bank of India, Bombay High Court, National Company Law Tribunal (if applicable) and such other relevant governmental authorities, considered and unanimously approved a Scheme of Arrangement (Scheme) between Uttam Value Steels Limited (UVSL) and Lloyds Steels Industries Limited (LSIL) wherein the Engineering Division of the Company would be demerged to LSIL under Sections 391 to 394 read with Sections 78, 100 to 104 and other applicable provisions, if any, of the Companies Act, 1956, and other applicable and notified provisions of the Companies Act, 2013, along with rules and regulations issued thereunder, including, any statutory modifications, re-enactments or amendments made thereto from time to time, the draft of which was tabled before the Board and approved by it at the meeting. 2. The Share Exchange Ratio has been arrived at based on the Valuation Report prepared by M. V. Krishnamoorthy, Chartered Accountants, and Fairness Opinion prepared by M/s. Centrum Capital Limited, Merchant Banker. 3. The draft Scheme has been recommended by the Audit Committee of the Company to the Board, at its meeting held on February 11, 2014, taking into consideration, inter alia, the aforesaid Valuation Report and Fairness Opinion. 4. The effectiveness of the Scheme is subject to, inter alia, receipt of necessary approvals under applicable laws, including the approval of the shareholders and creditors of the Company as well as the sanction of the Hon'ble High Court of Bombay and such other relevant authorities. Uttam Value Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2014, have taken the following decisions: The Scheme of arrangement between Uttam Value Steels Limited (UVSL) and Lloyds Steels Industries Limited (LSIL) which was approved by Audit Committee and Board in their Meeting held on February 11, 2014, wherein the Engineering Division of the Company proposed to be demerged in LSIL has been Postponed / Deferred for the time being. (As Per BSE Announcement Dated on 21.02.2014) Uttam Value Steels Ltd has informed BSE that the Hon'ble High Court of Judicature of Bombay has approved the Scheme of Arrangement between Uttam Value Steels Limited ('UVSL' - 'Demerged Company') and Lloyds Steels Industries Limited ('LSIL' - 'Resulting Company') on October 30, 2015. (As per BSE Announcement dated on 10.11.2015) Uttam Value Steels Ltd has informed BSE that the Company has fixed Record Date as March 29, 2016 for the following purpose: 1. De-merger of engineering division of the Company for determining the entitlement of the equity shareholders of the Company to receive, pursuant to the Scheme, fully paid up equity shares of Lloyds Steel Industries Limited ('Resulting Company'/'LSIL') in the ratio of 68 equity shares of Re. 1 each credited as fully paid up in Lloyds Steel Industries Limited for every 100 equity shares of Rs. 10/- each fully paid up held by equity shareholders in the Company. (As Per BSE Announcement Dated on 15.03.2016) SUB. :- Scheme of Arrangement of Uttam Value Steels Ltd. (Scrip Code 500254). Trading Members of the Exchange are hereby informed that, Uttam Value Steels Ltd. ('UVSL')has informed that it has fixed a Record Date for the purpose of determining the entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger, Reduction of Capital and stock split) sanctioned by Hon'ble High Court of Judicature at Bombay. The details are as follows: COMPANY NAME CODE Uttam Value Steels Ltd. (500254) RECORD DATE 29/03/2016 PURPOSE As per the Scheme of Arrangement sanctioned by the High Court Bombay between Uttam Value Steels Ltd ('UVSL') and Lloyds Steel Industries Ltd ('LSIL') and its respective shareholders : - (1) Demerger: Upon the Scheme becoming effective and in consideration of the demerger of Engineering Division of Uttam Value Steels Ltd., into Lloyds Steel Industries Ltd., LSIL shall issue and allot to the equity shareholders of UVSL, 68 equity shares of Re. 1/- each fully paid up of LSIL for every 100 equity shares of Rs. 10/- each fully paid up held by the equity shareholder of UVSL. (2) Reduction of share capital: Upon the scheme coming into effect, the issued, subscribed and paid up equity capital of Uttam Value Steels Ltd (UVSL) shall stand reduced, by reducing the face value of the equity shares from the present sum of Rs.13,21,61,52,670/- divided into 1,32,16,15,267 equity shares of Rs. 10/- each fully paid TO Rs.6,60,80,76,335/- divided into 1,32,16,15,267 equity shares of Rs. 5/- each fully paid. (3) Stock split of share capital: Subsequent to the Reduction of share capital of UVSL as mentioned in Point No.2 above, the face value of equity shares of UVSL shall be further sub-divided from Rs. 5/- to Re.1/- and pursuant to such sub-division, the issued, subscribed and paid up equity capital of UVSL will be Rs.6,60,80,76,335/- divided into 6,60,80,76,335 equity shares of the face value of Re. 1/- each fully paid. NO DEALINGS FROM DATE & SETT. NO. 28/03/2016 DR-246/2015- 2016 Trading Members of the Exchange are requested to take note of the above. Trading in the aforesaid scrip will be suspended w.e.f. 28.03.2016 as mentioned in table above. (As Per BSE Notice Dated on 22.03.2016) Uttam Value Steels Ltd has informed BSE regarding Scheme of Arrangement between Uttam Value Steels Limited ('UVSL' or the 'Demerged Company') and Lloyds Steels Industries Limited (LSIL' or the 'Resulting Company') and their respective shareholders and creditors. (As Per BSE Announcement Dated on 31.03.2016)