Aarti Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2009, inter alia, has approved the Scheme of Amalgamation of Avinash Drugs Ltd (Avinash) and Surfactant Specialties Ltd (Surfactant) with Aarti Industries Ltd (Aarti), subject to such requisite approval of the shareholders and relevant High Courts. The 'Appointed Date' for the said amalgamation has been fixed as April 01, 2008. The Share Exchange ratios for the said amalgamation, subject to all necessary approvals and orders are fixed under: 1. In case of Avinash - 70 (Seventy) Equity shares of Rs 5/- each to be credited as fully paid up at par of Aarti for every 100 (Hundred) Equity Shares of Rs 100/- each fully paid held in Avinash and 2. In case of Surfactant - 13 (Thirteen) Equity shares of Rs 5/- each to be credited as fully paid up at par of Aarti for every 100 (Hundred) Equity shares of Rs 10/- each fully paid held in Surfactant. 3. No Equity shares would be issued for the Equity shares held by Aarti Industries Ltd in Avinash and Surfactant and the same would be cancelled. Accordingly, an aggregate of 8,85,649 Equity shares of Rs 5/- each would be proposed of to be allotted by Aarti Industries Ltd in terms of the said Scheme of Amalgamation. Aarti Industries Ltd has informed BSE that by Order, made on the April 13, 2009, the High Court of Gujarat at Ahmedabad has directed that separate meeting of the Equity Shareholders, Secured and Unsecured Creditors of the Company will be held on May 22, 2009., for the purpose of considering and, if thought fit, approving with or without modification(s), proposed arrangement embodied in the Scheme of Amalgamation of Avinash Drugs Ltd and Surfactant Specialities Ltd (The Transferor Companies) with Aarti Industries Ltd (the Applicant Company). (As Per BSE Announcement Dated on 04/05/2009) Aarti Industries Ltd has informed BSE that the Equity Shareholders of the Company at its meeting held on May 22, 2009, pursuant to the direction of the High Court of Gujarat at Ahmedabad, inter alia, have approved the Scheme of Amalgamation of Avinash Drugs Ltd and Surfactant Specialties Ltd with Aarti Industries Ltd (the Transferor Company). (As Per BSE Announcement Website dated on 22.05.2009) Aarti Industries Ltd has informed BSE that the Amalgamation of Avinash and Surfactant with Aarti, has been approved by the High Court of Gujarat at Ahmedabad and Bombay High Court on September 01, 2009 and August 07, 2009 respectively. The Company has filed the Ahmedabad High Court order with the Ministry of Company Affairs, Ahmedabad on September 10, 2009 and the Bombay High Court order with the Ministry of Company Affairs, Mumbai on September 02, 2009. On filing of the said orders the Amalgamation has become Effective from April 01, 2008 (Appointed Date). (As Per BSE Announcement Website dated on 11.09.2009) Aarti Industries Ltd has informed BSE that the Board of Directors had already recommended a Final Dividend of Rs. 1.20 (24%) per Equity Share for the year 2008-09 to the members of the Company. Further in terms of the Scheme of Amalgamation, the Board of Directors of the Company at its meeting held on September 12, 2009, has now recommended dividend of Rs. 1.20 per equity share, on the equity shares to be allotted to the shareholders of Avinash Drugs Ltd. and Surfactant Ltd ('Transferor Companies'). (As Per BSE Announcement Dated on 14/09/2009)