Adani Power Ltd has informed BSE that the Merger Committee of the Board of Directors of the Company at its meeting held on July 07, 2011, has transacted the following: 1. Approved (subject to the requisite approvals) scheme of Amalgamation of Growmore Trade and Investment Private Limited, Mauritius ('Growmore') with APL from the Appointed Date i.e. April 01, 2011. 2. Took on record the Valuation Reports submitted by Independent Valuers M/s. Ernst & Young Private Limited and also a 'fairness opinion' on valuation of assets/shares done by ICICI securities Limited an Independent Merchant Banker. 3. The Committee, as a consideration for the acquisition / vesting, approved the share swap ratio as below: 16,615 equity shares of APL of Rs. 10/- each fully paid up for every 10,000 ordinary Share of Growmore of USD 1/- each fully paid up. After the scheme being effective, on the basis of abovereferred share swap ratio, about 21.32 Crores Equity shares of Rs. 10/- each will be issued. Adani Power Ltd has informed BSE that Scheme of Amalgamation of Growmore Trade & Investment Pvt. Ltd., Mauritius with Adani Power Limited (hereinafter referred to as the Company) has been sanctioned by the Hon'ble High Court of Gujarat by virtue of an oral order dated September 18, 2012. As a result of this amalgamation, Adani Power Maharashtra Limited will become wholly owned subsidiary of the Company when necessary statutory formalities will be completed by the Company. The Company will comply with the requisite formalities to give effect to the said oral order. (As per BSE Announcement Dated on 25.09.2012) Adani Power Ltd has informed BSE that the Scheme of Amalgamation of Growmore Trade & Investment Pvt. Ltd., Mauritius with Adani Power Limited (hereinafter referred to as the Company) has been sanctioned by the Hon'ble High Court of Gujarat vide its order dated September 18, 2012. The Certified Copy of the said order has been received on October 29, 2012 and the same has been filed with the Registrar of Companies, Gujarat on November 02, 2012. As a result of the same, the said Scheme of Amalgamation has become effective from the appointed date April 01, 2011. Since the Scheme of Amalgamation has become effective, Adani Power Maharashtra Limited has become wholly owned subsidiary of the Company w.e.f. November 02, 2012. (As per BSE Announcement Dated on 02.11.2012) Adani Power Ltd has announced the following results for the quarter ended December 31, 2012: The Unaudited results for the Quarter ended December 31, 2012 The Company has posted a net loss of Rs.(5070.90) million for the quarter ended December 31, 2012 where as the same was at net loss of Rs. (3581.20) million for the quarter ended December 31, 2011. Total Income is Rs. 18290.00 million for the quarter ended December 31, 2012 where as the same was at Rs. 11140.70 million for the quarter ended December 31, 2011. The Consolidated Results are as follows : The Unaudited results for the Quarter ended December 31, 2012 The Group has posted a net loss after taxes and minority interest of Rs.(6190.10) million for the quarter ended December 31, 2012 where as the same was at net loss of Rs. (3563.00) million for the quarter ended December 31, 2011. Total Income is Rs. 19279.90 million for the quarter ended December 31, 2012 where as the same was at Rs. 11083.20 million for the quarter ended December 31, 2011. 'The Company's Scheme of Amalgamation ('the Scheme') between the Company (Æthe transferee CompanyÆ) and Growmore Trade and Investment Private Limited (ÆGrowmore' or 'the Transferor CompanyÆ) has been sanctioned by the Hon'ble High Court of Gujarat vide its order dated September 18, 2012. As per the Scheme, 'the Appointed DateÆ is April 01, 2011 and Æthe Effective DateÆ is November 02, 2012. The Company had issued 21,32,36,910 equity shares of Rs. 10 each to the Shareholders of Growmore in consideration. Accordingly, Growmore's investment in the subsidiary of the Company - Adani Power Maharashtra Limited ('APML') is considered as investment of the Company, resulting into APML becoming 100% subsidiary of the Company. The Scheme has been given effect in the current financial results of the Company and to that extent Consolidated Financial Results for the quarter ended September 30, 2012; nine months ended December 31, 2011 and for the year ended March 31, 2012 are not directly comparable.' (As per BSE Announcement Dated on 28.01.2013)