Transport Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 17, 2010, inter alia, has approved the Scheme of Arrangement relating to the demerger of 'Real Estate & Warehousing' division of the Company with effect from April 01, 2010, subject to the requisite approvals including Shareholders, Creditors, Stock Exchanges, the Hon'ble High Court of Andhra Pradesh, Hyderabad etc. After Scheme formalization, the existing Shareholders of TCI will get 1 (one) equity share having face value of Rs. 10/- each in the Transferee Company i.e. TCI Developers Ltd. (TDL) against every 20 equity shares having face value of Rs. 2/- each held by them in the Company. Transport Corporation of India Ltd has informed BSE that the Equity Shareholders / Secured & Unsecured Creditors of the Company at its Court Convened Meeting held on July 10, 2010, has approved and sanctioned the proposed scheme of arrangement for Demerger of 'Real Estate & Warehousing' division of the Company, with requisite majority. The remaining process relating to the Demerger Scheme is going on and final approval of the Hon'ble HC is awaited. (As Per BSE Announcement Website dated on 30.07.2010) With reference to the earlier announcement dated July 30, 2010 regarding the HC convened meeting(s) duly held as per schedule and proposed scheme of arrangement sanction with requisite majority by the Shareholders, Secured Creditors and Unsecured Creditors respectively also having received. Transport Corporation of India Ltd has now informed that the Hon'ble HC Andhra Pradesh, Hyderabad has since approved the its order dated September 15, 2010. The Company is taking steps to fix Record Date to decide entitlement of the Shareholders for shares in transferee Company i.e. TCI Developers Ltd in the ratio as mentioned in the scheme of arrangement. (As Per BSE Announcement Website dated on 05.10.2010) Transport Corporation of India Ltd has informed BSE that October 21, 2010 has been fixed as the Record Date for the purpose of ascertaining entitlement of shareholders of the Company to get shares in Transferee Company i.e. TCI Developers Ltd. (As Per BSE Announcement Website dated on 08.10.2010) SUB. :- Scheme of Arrangement of Transport Corporation of India Ltd. (Scrip Code 532349) Trading Members of the Exchange are hereby informed that, Transport Corporation of India Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company. COMPANY NAME CODE Transport Corporation of India Ltd. (532349) RECORD DATE 21.10.2010 PURPOSE Scheme of Arrangement: - Demerger of the Real Estate & Warehousing Undertaking of Transport Corporation of India Ltd. and its vesting in TCI Developers Ltd. Upon coming into effect of the Scheme, and in consideration of the transfer and vesting of the Real Estate & Warehousing Undertaking to TCI Developers Ltd, TCI Developers Ltd. shall issue and allot 1 (ONE) equity share of Rs.10/- each as fully paid up to the shareholders of Transport Corporation of India Ltd for every 20 (TWENTY) equity shares of Rs.2/- each fully paid up, held in Transport Corporation of India Ltd. EX-ENTITLEMENT FROM DATE & SETT. NO. 20/10/2010 DR-144/2010- 2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated 12.10.2010)