Sundaram Clayton Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2010, has approved the following proposals: Merger of Anusha Investments Ltd., another WoS, with the Company. The above proposals are subject to such regulatory approvals as required under sections 391-394 of the Companies Act, 1956, and other 'Securities Laws' as defined under the Listing Agreement. On finalisation of the Composite Scheme of Arrangement, to implement the above proposals, the Company will file the Scheme with the Stock Exchanges and seek their in principle approval, as required by the Listing Agreement before filing the same with the Hon'ble high Court of Madras. With reference to the earlier announcement regarding notifying the approval of the Composite scheme of arrangement and amalgamation among Sundaram - Clayton Limited (SCL) (and its wholly owned subsidiaries, namely Sundaram Investment Limited (SIL), TVS Investments Limited (TVSI) and Anusha Investments Limited (AIL) and their respective shareholders, by the Board of Directors at its meeting held on August 13, 2010, Sundaram Clayton Ltd has informed BSE that in the meeting of the Committee of Directors held on November 14, 2010, the draft Composite Scheme of Arrangement and Amalgamation among Sundaram-Clayton Limited, Sundaram Investment Limited, TVS Investments Limited and Anusha Investments Limited and their respective shareholders was approved. The Company has submitted to BSE the salient features of the said Scheme. The said Scheme was approved by the Committee of directors at its meeting held on November 14, 2010, subject to (a) approval of the stock exchanges, (b) approval of the shareholders of the Company at Court convened separate meetings, and (c) sanction of the High Court of Madras under and in accordance with Sections 391-394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 15.11.2010) With reference to the earlier announcements regarding the proposed Scheme of Arrangement including Amalgamation and Demerger among Sundaram-Clayton Limited (SCL), and its wholly owned subsidiaries, namely, Anusha Investments Limited (AIL) and Sundaram Investment Limited (SIL), and their respective shareholders ('the Scheme'), subject to all requisite or necessary approvals/sanctions including under and in accordance with Sections 391-394 of the Companies Act, 1956 Sundaram Clayton Ltd has now informed BSE that subsequently, the board of directors and the Committee of directors have considered and made certain changes / modifications to the earlier Scheme and approved the same subject to (a) approval of the stock exchanges, (b) approval of the shareholders of the respective Companies at Court convened separate meetings, and (c) sanction of the Hon'ble High Court of Madras under and in accordance with Sections 391-394 of the Companies Act, 1956. The modified draft Scheme of arrangement, as approved at the meeting held on December 26, 2011. (As Per BSE Announcement Dated on 26.12.2011) Sundaram Clayton Ltd has informed BSE regarding Draft Composite Scheme of Arrangement including Amalgamation and Demerger among Sundaram-Clayton Limited (SCL), and its wholly owned subsidiaries and their respective shareholders, subject to all requisite or necessary approvals/sanctions including under and in accordance with Sections 391-394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 19.01.2012)