Elgi Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 01, 2010, inter alia, has taken the following decisions: 1. The valuation report of Independent Chartered Accountant, Chennai for arriving at the swap ratio for the amalgamation of Elgi Industrial Products Ltd. (Transferor) between Elgi Equipments Ltd. (Transferee) was considered and adopted by the Board. 2. In order to secure and enhance the Brand Value of ELGI and to enrich the intrinsic value of the shares held by the shareholders at large, approved the draft scheme of Amalgamation between ELGI Equipments Ltd. (Transferee) and ELGI Industrial Products Ltd. (Transferor) at the exchange ratio of 1:20, based on the recommendation made by Independent Valuer, Chartered Accountant, Chennai in the valuation report. Elgi Equipments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 01, 2010, inter alia, transacted the following : 1. The valuation report of Independent Chartered Accountants for arriving at the swap ratio for the amalgamation of Elgi Industrial Products Ltd (formerly known as Elgi Finance Ltd) (Transferor) between Elgi Equipments Ltd (Transferee) was considered and adopted by the Board. 2. In order to secure and enhance the Brand Value of ELGI and to enhance the intrinsic value of the shares held by the shareholders at large the Board approved the draft scheme of Amalgamation between Elgi Industrial Products Ltd (formerly known as ELGI Finance Ltd) (Transferor) and Elgi Equipments Ltd (Transferee) and at the exchange ratio of 1:20, based on the recommendation made by Independent Valuer, Chartered Accountant in the valuation report. Elgi Equipments Limited has informed the Exchange that by an order dated June 10, 2010, the Hon'ble High Court of Judicature at Madras has directed that a meeting of Equity Shareholders of the Applicant Company be held on July 29, 2010 for the purpose of considering, and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation of Elgi Industrial Products Limited (formerly known as Elgi Finance Limited) with Elgi Equipments Limited. (As Per NSE Bulletin dated on 14.07.2010) Elgi Equipments Ltd has informed BSE that the Shareholders of the Company at its meeting held on July 29, 2010, has approved the Composite Scheme of Arrangement and Amalgamation of Elgi Industrial Products Ltd (Elgi Finance Ltd) with Elgi Equipments Ltd placed before the meeting and initialed by the Chairman for the purpose of identification. (As Per BSE Announcement Website dated on 12.08.2010) Elgi Equipments Ltd has informed BSE that the Hon'ble High Court of judicature at Madras has passed an order for the merger of Elgi Equipments Ltd and Elgi Industrial Products Ltd as per the scheme of amalgamation. In this regard, the Company has also filed Form 21 with ROC, Coimbatore. As per the Scheme of Amalgamation the Company will allot 7,62,600 equity shares of Rs 1 each to the shareholders of Elgi Industrial Products Ltd. Elgi Finance Ltd has informed BSE that the Hon'ble High Court of Judicature at Madras has passed an order for the merger of Elgi Industrial Products Ltd and Elgi Equipments Ltd as per the scheme of amalgamation. In this regard the Company have also filed Form 21 with ROC, Coimbatore. (As Per BSE Announcement Website dated on 05.10.2010) Elgi Equipments Ltd has informed BSE that the Company has fixed November 04, 2010 as Record Date for the purpose of determining the shareholders of Elgi Industrial Products Ltd. (formerly known as Elgi Finance Ltd.), the Transferor Company entitled for allotment of the new equity shares in Elgi Equipments Ltd (EEL), the Transferee Company as per the Scheme of Amalgamation of Elgi Industrial Products Ltd. with Elgi Equipments Ltd. as approved by the Hon'ble High Court of judicature at Madras vide its order dated September 24, 2010. As per the Scheme, ONE equity share of Re. 1/- fully paid up of Elgi Equipments Ltd. (Transferee Company) will be allotted for TWENTY shares of Rs. 10/- fully paid up held in Elgi Industrial Products Ltd. (Transferor Company). (As Per BSE Announcement Website dated on 12.10.2010) SUB. : - Scheme of Amalgamation of Elgi Finance Ltd. (Scrip Code 500130) Trading members of the Exchange are hereby informed that, Elgi Equipments Ltd (EEL), has fixed the Record Date for the purpose to determine entitlement of shareholders of Elgi Finance Ltd. (EFL) pursuant to the scheme of amalgamation of Elgi Finance Ltd.with Elgi Equipments Ltd. Trading Members are advised not to deal in the equity shares of Elgi Finance Ltd. with effect from the under mentioned date. PHYSICAL SECURITIES - PHYSICAL IN COMPULSORY ROLLING COMPANY NAME CODE Elgi Finance Ltd. (500130) RECORD DATE 04.11.2010 PURPOSE The Scheme of Amalgamation : - Upon this scheme coming into effect, in consideration of the transfer of and vesting of the Undertaking of EFL in EEL in terms of this scheme, EEL shall issue and allot to every member of EFL holding fully paid up equity share(s) , '1 (ONE) fully paid up equity share of Re.1/- (Rupee One) each of EEL in respect of every 20 (TWENTY) Equity Shares of Rs. 10/- (Rupees Ten) each held in EFL'. NO DEALINGS FROM 21/10/2010 DR-145/2010-2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 13.10.2010)