Wearology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 29, 2006, inter alia, has considered and approved the following: Approval of Merger of Suvijay Exports Ltd, a listed Company, having its registered office at Kolkata, with the Company. Wearology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 22, 2007, inter alia, has considered and approved the following: In the matter of the Merger of Suvijay Exports Ltd, a listed Company, having its registered office at Kolkata, with the Company, as approved by the Board at its meeting held on December 29, 2006, the Board has approved the Share Exchange Ratio as follows: The Company shall allot Fifteen Equity Shares of Rs 10/- each fully paid up of the Company for every One Equity share of face value of Rs 10/- each fully paid held in Suvijay Exports Ltd. The Appointed Date for the Scheme of Amalgamation will be October 01, 2006. The Scheme is subject to requisite consent(s), approval of the requisite majority of the shareholders, lenders and creditors of the Companies, the Hon'ble High Court of Judicature at Bombay and Kolkata, the permission or approval of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. (As Per BSE Announcement Website Dated on 26/01/2007) Wearology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2007, inter alia, has considered and approved the following: Withdraw the Scheme of Amalgamation of Suvijay Exports Ltd with the Company. (As Per BSE Announcement Website Dated on 28/07/2007)