Ganesh Housing Corporation Ltd has informed BSE that at a meeting of the Board of Directors of the Company held on November 16, 2006, it was decided that the following Companies be amalgamated with the Company pursuant to a scheme of Amalgamation under section 391-394 of the Companies Act, 1956. 1. Nachiket Properties Pvt Ltd The aforesaid amalgamation shall be subject to all permission, sanctions and approvals, including the approvals of shareholders of all aforesaid Companies. Ganesh Housing Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 15, 2007, has approved the Scheme of Amalgamation of (1) Ramasagar Infrastructure Pvt Ltd (RIPL) (2) Nachiket Properties Pvt Ltd (NPPL) (3) Manjari (Thaltej) Complex Pvt Ltd (MCPL), (4) Shaharsh Infrastructure Pvt Ltd (SIPL) and (5) Ganesh Infrastructure Pvt Ltd (GIPL) with the Company pursuant to the provisions of Section 391-394 of the Companies Act, 1956. The Scheme of Amalgamation shall be subject to the necessary approvals and sanction by the Hon'ble High Court of Gujarat at Ahmedabad. The Company is engaged in construction (of residential, industrial and commercial complexes), real estate development and infrastructure development business.) The proposed amalgamation is in line with the trends prevailing in the industry and it will enable the Company to achieve scale, size, integration and enhanced financial capability alongwith the flexibility of pursuing future growth plans. For the amalgamation of five Companies with the Company, October 01, 2006 has been fixed as an appointed date. The work of valuation and recommendation of a fair exchange value was assigned to M/s. Deloitte Haskins & Sells, Chartered Accountants. As per their report of February 27, 2007, the shareholders of RIPL will get 3578 equity shares of the Company for every 100 equity shares held on RIPL, the shareholders of NPPL will get 14531 equity shares of the Company for every 100 equity shares held in NPPL, the shareholders of MCPL will get 2344 equity shares of the Company for every 100 equity shares held in MCPL, the shareholders of SIPL will get 16641 equity shares of the Company for every 100 equity shares held in SIPL and the shareholders of GIPL will get 75594 equity shares of the Company for every 100 equity shares held in GIPL. The Company has appointed M/s. Singhi & Co, Advocate, Solicitor and Notary as legal advisors to the Scheme of Amalgamation. Transferor companies i.e. RIPL, NPPL, MCPL and SIPL own a total of 14.77 acres of land at prominent places in and around Ahmedabad. GIPL is Setting up IT SEZ on 135 acres of land. GIPL has already received the approval from Central Government for setting up IT SEZ at a prime location in Ahmedabad. The paid up equity share capital of the Company post amalgamation shall be increased from Rs 20,72,70,800/- to Rs 32,65,58,800/- (including 6,60,000 convertible warrants which shall be converted into 6,60,000 equity shares of Rs 10/- each in May / June 2007). (As Per BSE Announcement Website Dated on 15/03/2007) Ganesh Housing Corporation Ltd has informed BSE that the pursuant to the order made by the Hon'ble High Court of Judicature at Ahmedabad, a meeting of the equity shareholders of the Company will be held on May 26, 2007, for the purpose of considering and, if thought fit, to approve with or without modification(s), the Scheme of Amalgamation of (1) Nachiket Properties Pvt Ltd (As Per BSE Announcement Website Dated on 17/04/2007) Ganesh Housing Corporation Ltd has informed BSE that pursuant to the orders passed by Hon'ble High Court of Gujarat on April 10, 2007, the meeting of the shareholders of the Company held on May 26, 2007, have Unanimously approved the Scheme of Amalgamation or Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd, Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd with the Company. Further, the requirements of holding meetings of secured and unsecured creditors of the Company to seek their approval to the Scheme of Amalgamation have been dispensed with by the Hon'ble High Court of Gujarat. (As Per BSE Announcement Website Dated on 29/05/2007) Ganesh Housing Corporation Ltd has informed BSE that the Hon'ble High Court of Gujarat at Ahmedabad has approved the Scheme of Amalgamation of five Companies namely Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd, Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd with the Company vide order dtd. November 29, 2007. The amalgamating (transferor) Companies hold 149.77 acres of land. (As per BSE Announcement Website dated on 05/12/2007) Ganesh Housing Corporation Ltd has informed BSE that Certified Copies of the Orders of Hon'ble High Court of Gujarat at Ahmedabad sanctioning the Scheme of Amalgamation of five companies namely Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd , Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd with the Company w.e.f. October 01, 2006 (Appointed Date) have been filed electronically with the Registrar of Companies on December 15, 2007 and December 17, 2007. With this, the Scheme has become effective from December 17, 2007 and accordingly five companies namely Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd , Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd have amalgamated with the Company. (As Per BSE Announcement Website Dated on 18/12/2007) Ganesh Housing Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 04, 2008, have allotted 1,12,68,800 equity shares of Rs 10/- each fully paid up pursuant to orders passed by the Hon'ble High Court of Gujarat at Ahmedabad sanctioning the Scheme of Amalgamation of five Companies namely; Ramasagar Infrastructure Pvt Ltd, Nachiket Properties Pvt Ltd, Manjari (Thaltej) Complex Pvt Ltd, Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd with the Company. The details of allottees are stated as under: 1. Govindbhai C Patel: 4471740 No. of Shares Allotted 2. Lalitaben G Patel: 1162660 No. of Shares Allotted 3. Shekhar G Patel: 3178450 No. of Shares Allotted 4. Dipak G Patel: 2310640 No. of Shares Allotted 5. Sapna D Patel: 145310 No. of Shares Allotted (As Per BSE Announcement Website Dated on 04/01/2008) Trading members of the Exchange are hereby informed that the under mentioned new securities of Ganesh Housing Corporation Limited (Scrip Code: 526367, ISIN No. INE460C01014) are listed and permitted for trading on the Exchange with effect from Friday, February 08, 2008. Securities 1,12,68,800 * Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Ramasagar Infrastructure Pvt. Ltd. (RIPL), Nachiket Properties Pvt. Ltd. (NPPL) , Manjari (Thaltej) Complex Pvt. Ltd. (MCPL), Shaharsh Infrastructure Pvt. Ltd. (SIPL) and Ganesh Infrastructure Pvt. Ltd. (GIPL) pursuant to the scheme of Amalgamation of the Company. Dist. Nos. 21387081 to 32655880 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 1,12,68,800 equity shares issued pursuant to the scheme of Amalgamation are under lock-in up to March 02, 2011 and therefore these shares would not be good delivery in the market till then. 3.The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Gujarat at Ahmedabad vide their Order dated November 29, 2007. b) Appointed Date: October 01, 2006 c) Effective Date: December 15, 2007 d) Date of Allotment: January 04, 2008 e) Exchange Ratio: RIPL (3578 equity shares for every 100 equity shares held) NPPL (14531 equity shares for every 100 equity shares held) MCPL (2344 equity shares for every 100 equity shares held) SIPL (16641 equity shares for every 100 equity shares held) GIPL (75594 equity shares for every 100 equity share held) 4. The company's financial year ends on 31st March. (As Per BSE Notice Dated on 07.02.2008)