Pantaloon Retail India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2009, inter alia, has considered and approved a Scheme of Arrangement ('Scheme') as a mode of transfer of Fixed Assets relating to fashion division of the Company to Future Merchandising Ltd (name applied for) and transfer of Format Concept Brands of the Company to Future Consumer Enterprises Ltd (name applied for). The Scheme of Arrangement is, inter-alia, subject to the necessary and requisite statutory approvals under the Companies Act, 1956 and any other applicable acts and regulations. Pantaloon Retail (India) Ltd has informed BSE about Outcome of two court convened meetings and one extraordinary general meeting (EGM) held on June 10, 2010. 4. Subject to the sanction of the Scheme of Arrangement between Pantaloon Retail (India) Ltd ('PRIL') and Future Mall Management Ltd (FMML) and Future Merchandising Ltd ('FML') and their respective Shareholders and Creditors ('Scheme 2') by the Hon'ble high Court of Judicature at Bombay under Sections 391 to 394 read with Sections 78 and 100 to 103 and other applicable provisions of the Companies Act, 1956 and further subject to such conditions as may be prescribed while granting such approvals, consents, permissions, sanctions, which the Board of Directors ('Board' which term shall include any Committee which the Board may have constituted or may thereafter constitute or authorise and(or any Director or any individual delegated with powers necessary for the purpose) of the Company may agree and accept, the consent of the Members be and is hereby accorded for utilizing the balance in the Securities Premium Account of the Company in a manner specified in the Scheme 2. (As Per BSE Announcement Dated on 11.06.2010) Pantaloon Retail (India) Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay, on August 24, 2010 has sanctioned the following Scheme 1 and Scheme 2: a) Scheme of Arrangement between Home Solutions Retail (India) Ltd. and Pantaloon Retail (India) Ltd. and their respective Shareholders and Creditors ('the Scheme 1'); and b) Scheme of Arrangement between Pantaloon Retail (India) Ltd. and Future Mall Management Ltd. and Future Merchandising Ltd. and their respective Shareholders and Creditors ('the Scheme 2'). (As Per BSE Annoucement Website dated on 24.08.2010) With reference to the earlier announcement dated August 24, 2010 about approval of the Schemes by the Hon'ble High Court of Judicature at Bombay, Pantaloon Retail (India) Ltd has now informed BSE that: a) Scheme of Arrangement between Home Solutions Retail (India) Ltd. and Pantaloon Retail (India) Ltd. and their respective Shareholders and Creditors ('the Scheme 1') b) Scheme of Arrangement between Pantaloon Retail (India) Ltd. and Future Mall Management Ltd. and Future Merchandising Ltd. and their respective Shareholders and Creditors ('the Scheme 2') have been made effective by filing the certified copy of the Order of the Hon'ble High Court of Judicature at Bombay on August 27, 2010 and August 28, 2010 respectively. (As Per BSE Announcement Website dated on 28.08.2010) Pantaloon Retail (India) Ltd has announced the following Audited results for the year ended June 30, 2010: The Company has posted a net profit of Rs 1795.60 million for the year ended June 30, 2010 where as the same was at Rs 1405.80 million for the year ended June 30, 2009. Total Income is Rs 60190.00 million for the year ended June 30, 2010 where as the same was at Rs 63477.60 million for the year ended June 30, 2009. The Consolidated Results are as follows : The Audited consolidated results for the Year ended June 30, 2010 The Group has posted a net profit after minority interest of Rs 674.90 million for the year ended June 30, 2010 where as the same was at Rs 100.70 million for the year ended June 30, 2009. Total Income is Rs 99130.00 million for the year ended June 30, 2010 where as the same was at Rs 77648.00 million for the year ended June 30, 2009. - Scheme of Arrangement A second scheme of arrangement (the FMML Scheme) between the Company and its wholly owned subsidiary Future Mall Management Ltd (FMML) and its wholly owned subsidiary Future Merchandising Ltd (FML) and their respective shareholders and creditors which envisages the demerger of the Mall Management Undertaking' and Project Management Undertaking with FMML and demerger of Mall Asset Management Undertaking and Food Services Undertaking with FML has been approved by the Bombay High Court on August 24, 2010 with effect from Appointed Date April 01, 2010. Under the FMML Scheme the FMML would be issue equity shares to the shareholders of the Company as on the record date to be announced in the ratio of 1 equity share of FMML for every 20 shares held in the Company The certified copy of the Court order giving effect to the FMML Scheme has been filed with RoC on August 28, 2010. The FMML Scheme has accordingly been given effect and operations relating to the demerged undertakings do not form part of the Company s accounts In view of the above and transfer of the value retail business effected in January 2010, the figures for the year are not comparable with those of the previous year. (As Per BSE Announcement Website dated on 30.08.2010)