IT People India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2007, has approved the Amalgamation of Marketplace Technologies Pvt. Ltd (MTP), a private limited Company, and Orient Information Technology Ltd. (OITL), into the Company, subject to the requisite approvals from the members and creditors of the three Companies, regulatory authorities and the Hon'ble High Court of Judicature of Bombay. The Board of Directors of the Company has also approved the Exchange Ratio for the proposed Amalgamation of MTP into the Company, as suggested in the valuation report of Haribhakti & Co., Chartered Accountant, as under: 1. One Thousand Six hundred & Thirty Four (1634 nos.) Equity shares of Rs 2/- each in the Company for every One Thousand (1000 nos) Equity shares of Re 1/- each held by the shareholders of MTP. 2. One Thousand Nine Hundred & Sixty One (1961 nos.) 0% (Zero Coupon) Redeemable Preference Shares of Rs 10/- each in the Transferee Company for every One Thousand (1000 nos) Equity Shares of Re 1/- each held by the shareholders of MTP. 3. Payment of Rupees Fourteen Thousand Seven Hundred & Ten Only (Rs 14710) by the Transferee Company for every One Thousand (1000 nos) Equity Shares of Re 1/ each held by the shareholders of MTP. The Board of Directors of the Company has also approved the Exchange Ratio of One Hundred (100 nos.) Equity Shares of Rs 2/- each in the Transferee Company for every Two Hundred & Seventy Five (275 nos.) Equity Shares of Rs 10/- each held by the shareholders of OITL for the proposed Amalgamation of OITL into the Company, as suggested in the valuation report of Gadgil & Co., Chartered Accounts & IT People Valuation done by Haribhakti & Co., Chartered Accounts. The proposed Amalgamation shall be carried out under a Scheme of Arrangement to be filed before the Hon'ble High Court of Bombay. The draft Scheme of Arrangement approved by the Board of Directors of the Company for the proposed Amalgamation of MTP and OITL into the Company will be filed with the stock exchange for necessary approval. The Board has also approved the Allotment of 75,00,000 warrants convertible into one equity share of Rs 2/- each at a premium of Rs 35.15/- per share on preferential basis to Einfratech Systems India Pvt Ltd. With reference to filing of Scheme of Arrangement / De-merger under Section 391-394 of the Companies Act, 1956 for de-merger and vesting of strategic investment division of RSWM Ltd as a going concern into Bhilwara Technical Textiles Ltd, approved by the stock exchange vide letter dated February 27, 2008, RSWM Ltd has now informed BSE that the Scheme of Arrangement / De-merger has become effective from March 31, 2009 with the filing of the Order dated March 09, 2009 with the ROC, Rajasthan on March 31, 2009 as required under the Companies Act, 1956. The necessary formalities for implementing the said Scheme are being complied with. (As Per BSE Announcement Dated on 31/03/2009) SUB. :- Scheme of Arrangement of RSWM Ltd. (Scrip Code 500350) Trading members of the Exchange are hereby informed that, RSWM 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 RSWM Ltd. (500350) RECORD DATE 24/04/2009 PURPOSE Scheme of Arrangement: - Demerger of Strategic Investment Division of RSWM Ltd. i.e. the Strategic Investments made by RSWM Ltd. inter alia, in the equity shares of BMD Pvt. Ltd. into Bhilwara Technical Textiles Ltd. Upon coming into effect of the Scheme and in consideration of the Demerger, Bhilwara Technical Textiles Ltd. will issue and allot in the ratio of 10 (TEN) Equity Shares of Re.1/- each credited as fully paid up of Bhilwara Technical Textiles Ltd. for every 4 (FOUR) Equity Shares of Rs.10/- each held in RSWM Ltd. EX-ENTITLEMENT DATE 17/04/2009 DR-011/2009-2010 The scrip will be in No Delivery from 17/04/2009 (DR-011/2009-2010) to 23/04/2009 (DR-015/2009-2010). (As Per BSE Notice Dated on 13.04.2009) Trading members of the Exchange are hereby informed that the under mentioned new securities of Bhilwara Technical Textiles Limited are listed and permitted for trading on the Exchange with effect from Monday, October 12, 2009. Name of the Company : Bhilwara Technical Textiles Limited Registered Office : LNJ Nagar, Mordi,Banswara - 327 001. (Rajasthan) Tel. Nos: 02961 231640 Fax No.: 02961 231254 Email: bttl.investor@injbhilwara.com Web: www.bttl.co.in Securities : 5,83,73,305 Equity Shares of Re.1/- each fully paid-up Distinctive numbers : 1 to 58373305 Scrip Code : 533108 Group : B Market Lot : 1 Face Value & Paid up value : Re.1/- each fully paid Scrip ID on BOLT System : BTTL Abbreviated name on BOLT System : BHILWRA TEC ISIN No. : INE274K01012 2. The particulars of the Scheme of Arrangement are as mentioned below: a) The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Rajasthan by its Order dated March 09, 2009. b) Appointed Date: April 01, 2008. c) Effective date: March 31, 2009. d) Date of Allotment: April 27, 2009. e) Pursuant to the scheme, the Strategic Investment Division of RSWM Limited (RSWML) was demerged into Bhilwara Technical Textiles Limited (BTTL) and in consideration thereof BTTL has issued and allotted 10 equity shares of Re.1/- each fully paid up for every 4 (Four) equity shares of Rs.10/- each held in RSWML as on the Record Date. f) The issued, subscribed and paid-up equity capital of the company post arrangement comes to Rs.583.73 lacs consisting of 5,83,73,305 equity shares of Re.1/- each fully paid up. 3. As per Exchange Notice No. 20090413-17 dated Monday, April 13, 2009, RSWML has fixed Record Date as April 24, 2009, for giving effect to the scheme of arrangement. Accordingly dealing in the securities of RSWML was done on Ex-Entitlement basis w.e.f. April 17, 2009. 4. The Information Memorandum containing all the information about the company can be viewed at http://www.bseindia.com/ipo/schema.asp or on the Company's Website on www.bttl.co.in 5. The share transfer documents should be sent to the registrar of the company at the address mentioned below: Beetal Financial & Computer Services (P) Limited Unit: Bhilwara Technical Textiles Limited Beetal House, III Floor, 99, Madangir, Behind local shopping centre. New Delhi - 110 062 Tel. No. 011 - 2996 1281 - 283 Fax. 011 - 2996 1284 Email: beetal@rediffmail.com 6. The Company's Financial Year ends on 31st March. (As Per BSE Notice Dated on 08.10.2009)