Keerthi Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2008, inter alia, has approved the following: 1. Amalgmation of M/s. Hyderabad Flextech Ltd the Transferor Company with the Keerthi Industries Ltd the Transferee Company. 2. Swap Ratio agreed: Every 25 shares of M/s. Hyderabad Flextech Ltd one share of Keerthi Industries Ltd. Keerthi Industries Ltd has informed BSE that the Hon'ble High Court of Andhra Pradesh, vide its Order dated January 19, 2010, approved the Amalgamation of Hyderabad Flextech Ltd with Keerthi Industries Ltd and the certificate copy of the said order is received on February 19, 2010. Further the Company has informed that as per the Court's order 20,00,000 equity shares issued on preferential basis in 2002 has been cancelled. (As Per BSE Announcement Website dated on 18.03.2010) Hyderabad Flextech Ltd has informed BSE about Gist of HIGH Court Judgment dated January 19, 2010 with regards to Merger of Hyderabad Flextech Ltd with Keerthi Industries Ltd. '1. Equity Share holders of Hyderabad Flextech Ltd will get one equity shares of Rs. 10/- each of Keerthi Industries Ltd for every forty five equity shares of Rs. 10/- each held in Hyderabad Flextech Ltd. 2. The Scheme as approved by the court, protects the employment of the workers / employees of the Hyderabad Flextech Ltd. 3. All the assets and liabilities of Hyderabad Flextech Ltd transferred to and vest in Keerthi Industries Ltd. 4. That all proceeding now pending by or against the Hyderabad Flextech Ltd be continued by or against Keerthi Industries Ltd. 5. Share holders of 9% Cumulative redeemable preference shares of Rs. 10/- each of Hyderabad Flextech Ltd will be allotted similar number of cumulative Redeemable preference share of Keerthi Industries Ltd but the issue of such preference share by the Keerthi Industries Ltd shall only for the residue period remaining. 6. No fractional shares shall be issued by Keerthi Industries Ltd in respect of the residual fractional entitlement, if any, to which the members of the Hyderabad Flextech Ltd may be entitled on issue and allotment of the Shares by Keerthi Industries Ltd. Such residual fraction shall be rounded of to one (1) share and they shall accordingly be issued. 7. The shares proposed to be issued to the shareholders of Hyderabad Flexech Ltd are subject to listing permission by BSE and the reasonable terms and conditions as may be imposed by BSE while according the listing permission. 8. On the scheme becoming effective and operative, Hyderabad Flextech shall stand dissolved without winding up.' (As Per BSE Announcement Website dated on 19.03.2010) The Board of Directors of Keerthi Industries Ltd. at its meeting held on May 11, 2010 has fixed June 10, 2010 as RECORD DATE for issue of shares to the equity shareholders of Hyderabad Flextech Ltd. The equity shareholders of Hyderabad Flextech Ltd. will get one equity share of Rs. 10/- each of Keerthi Industries Ltd. for every forty five equity shares of Rs. 10/- each held by them as on Record Date as per the Scheme of Arrangement approved by the Hon'ble Court of Andhra Pradesh Vide its Order Dt. January 19, 2010. (As Per BSE Announcement Website dated on 15.05.2010) SUB. :- Scheme of Amalgamation of Hyderabad Flextech Ltd. (Scrip Code 522219) Trading members of the Exchange are hereby informed that, Keerthi Industries Ltd. has fixed the Record Date for the purpose to determine entitlement of shareholders of Hyderabad Flextech Ltd. pursuant to the Scheme of Amalgamation of Hyderabad Flextech Ltd. with Keerthi Industries Ltd. Trading Members are advised not to deal in the equity shares of Hyderabad Flextech Ltd. with effect from the under mentioned date COMPANY NAME CODE Hyderabad Flextech Ltd. (522219) RECORD DATE 10/06/2010 PURPOSE The Scheme of Amalgamation: - Amalgamation of Hyderabad Flextech Ltd. with Keerthi Industries Ltd. Keerthi Industries Ltd. shall issue and allot to the shareholders of Hyderabad Flextech Ltd. in the ratio of 1 (ONE) equity share of Rs.10/- each fully paid of Keerthi Industries Ltd. for every 45 (FORTY FIVE) Equity Shares of Rs.10/- each fully paid up held in Hyderabad Flextech Ltd. NO DEALINGS FROM 09/06/2010 DR- 050/2010-2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 19.05.2010)