Board has approved the following matters: 1. Scheme for the merger / amalgamation of M/s TCI Seaways Ltd (TCISL), an unlisted group company engaged in coastal & International cargo movement with the Company subject to requisite approvals including shareholders, creditors and Hon'ble High Court of Andhra Pradesh effective April 01, 2005. The ratio of exchange in the event of amalgamation of TCISL into the Company would be 2 shares of the Company of face value Rs 10/- each for every 3 shares of TSL of face value of Rs 10/- each. Transport Corporation Of India Limited has informed the Exchange that the Board of Directors has interalia approved following matters in its meeting held on January 31, 2006 :- (1) Scheme for the merger / amalgamation of M/s TCI Seaways Ltd. (TCISL), an unlisted group company engaged in coastal & International cargo movement with Transport Corporation of India Ltd. (TCIL) subject to requisite approvals including shareholders, creditors and Hon'ble high Court of Andhra Pradesh effective April 01, 2005. The ratio of exchange in the event of amalgamation of TCISL into TCIL would be 2 (Two) shares of TCIL of face value Rs.10 each for every 3 (Three) shares of TSL of face value Rs.10 each. (2) Split up of existing equity shares of the face value of Rs.10 (Ten) each into Five equity shares of Rs.2 (Two) each fully paid up subject to shareholders & other approvals, if any. (As per NSE Bulletin dated on 01/02/2006) Transport Corporation of India Ltd has informed BSE that pursuant to the Order of Hon'ble High Court of Judicature Andhra Pradesh at Hyderabad, a meeting of the equity shareholders, Secured creditors & Unsecured Creditors of the Company will be held on June 07, 2006, for the purpose of considering, and, if thought fit, approving with or without modification, the proposed Scheme of Arrangement / Amalgamation of M/s TCI Seaways Ltd with the Company. (As per BSE Bulletin dated on 19/05/2006) Transport Corporation Of India Limited has informed the Exchange that the Board of Directors has interalia approved the following matters in its meeting held on May 25,2006: (i) In view of Scheme of Amalgamation of TCI Seaways Ltd. with the Company, being pending with Hon'ble Andhra Pradesh High Court, Hyderabad, the Board of Directors have approved audited annual accounts for 4th quarter / year ended March 31, 2006 of TCI on Stand alone basis. These accounts shall be revised in due course for giving effect to the Scheme on recepit of the requisite approvals. (As per NSE Bulletin dated on 26/05/2006) Transport Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 21, 2006 inter alia; 1. To take note of Order dated August 18, 2006 received from Hon'ble High Court of Andhra Pradesh, Hyderabad regarding Scheme of Amalgamation of TCI Seaways Ltd with the Company. (As per BSE Annocement website dated on 13/09/2006) Trading members of the Exchange are hereby informed that the under mentioned new securities of Transport Corporation of India Limited (Scrip Code: 532349, ISIN No. INE688A01022) are listed and permitted for trading on the Exchange with effect from Tuesday, December 12, 2006. Securities 1,50,05,640* Equity Shares of Rs.2/- each issued to the shareholders of erstwhile M/s. TCI Seaways Limited pursuant to the scheme of amalgamation of the Company. Dist. Nos. 52500001 to 67505640 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 37,51,410 equity shares bearing distinctive nos. 52500001 to 56251410 issued pursuant to the scheme of amalgamation are under lock-in till December 31, 2009 and therefore these shares would not be good delivery in the market till then. The company has confirmed that these shares are issued in physical form and the relevant share certificates have been enfaced with a stamp regarding its non-transferability. 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Hyderabad vide its Order dated August 18, 2006. b) Appointed Date: April 1, 2005 c) Effective Date: April 1, 2005 d) Date of Allotment: September 21, 2006 e) Exchange Ratio - For every 3 equity shares of Rs.10/- each held in the transferor company, viz; TCI Seaways Ltd., 2 equity share of Rs.10/- each of the company has been issued. Post sub-division of equity shares of Transport Corporation of India Limited, every one equity share of Rs.10/- each of the company stands converted into five equity shares of Rs.2/- each. 4. The company's financial year ends on 31st March. (As per BSE Notice Dated on 11/12/2006)