The company has informed that at meeting of the shareholders and creditors held on 19/04/2004, they have approved the amalgamation of CDS International Ltd., ( a 100% subsidiary of company) with the company. The company has informed that the Hon'ble High Court of Uttaranchal vide their order dated July 15, 2004 and Hon'ble High Court of Karnataka vide their order dated September 12, 2005 amended on January 30, 2006 have approved the scheme of amalgamation of M/s CDS International Ltd (100% subsidiary of the Company) with the Company. (As per BSE Bulletin dated on 01/03/2006)