Esab India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2007, inter alia, has accorded its in principle approval for the amalgamation of the subsidiary Company ESAB Welding & Cutting Systems Ltd with the Company. The Board of Directors has authorized the directors / officials of the Company to draft an appropriate scheme of amalgamation. The scheme of amalgamation together with the other details will be forwarded to the stock exchanges once it is approved by the Board of Directors. Esab India Ltd has informed the Exchange that the Scheme of Amalgamation with regard to the merger of ESAB Welding & Cutting Systems Limited wholly a owned subsidiary of ESAB India Limited with ESAB India Limited has been approved by the Hon'ble High Court of Madras vide its order dated June 24, 2008. The Company had in turn filed the said order with the Registrar of Companies, Chennai on July 01, 2008. Further, in terms of clause 4.1 of the said Scheme of Amalgamation, the wholly subsidiary ESAB Welding & Cutting Systems Limited now stands dissolved without being wound up. There is no fresh issue of share capital that is envisaged in this merger. All the other assets and liabilities of the ESAB Welding & Cutting Systems Limited will now vest with ESAB India Limited. (As Per NSE Bulletin Dated on 10.07.2008)