PI Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2014, inter alia, has approved the draft scheme of amalgamation between Parteek Finance & Investment Co. Ltd., (which is the holding company of PI Industries Ltd.) and PI Industries Ltd., subject to requisite regulatory approvals. Under this scheme, there would be no change in the promoters shareholding of the Company. PI Industries Ltd has informed BSE that the unsecured creditors have unanimously approved the Scheme of Amalgamation of M/s. Parteek Finance & Investment Company Ltd. with M/s. PI Industries Limited which was considered at the Court convened meeting of Unsecured creditors of M/s. PI Industries Ltd. held on November 01, 2014 at Company's registered office situated at Udaisagar Road, Udaipur - 313001 (Rajasthan). (As Per BSE Announcement Dated on 02.11.2014) PI Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held February 11, 2015, inter alia, has taken on record the certified true copy of the order dated February 10, 2015 issued by the Hon'ble Jodhpur High Court in respect of the final approval granted to the scheme of amalgamation of M/s. Parteek Finance & Investment Company Ltd. with PI Industries Ltd. (As Per BSE Announcement dated on 11/02/2015) PI Industries Ltd has informed BSE that the Committee of Directors at its meeting held on March 30, 2015, has taken on record the following: 1. The order passed by High Court, Jodhpur (Rajasthan) on March 27, 2015 approving the Scheme of Amalgamation of M/s. Parteek Finance & Investment Company Ltd. (Amalgamating Company) with M/s. PI Industries Ltd. 2. Cancellation of 7,38,51,390 equity shares of PI Industries Ltd. held by M/s. Parteek Finance & Investment Company Ltd. (Amalgamating Company) pursuant to the Scheme of amalgamation approved by High Court, Jodhpur (Rajasthan). 3. 7,38,51,390 equity shares issued and allotted to the shareholders of Parteek Finance & Investment Company Ltd. (Amalgamating Company) pursuant to the Scheme of Amalgamation approved by Jodhpur High Court vide order dated March 27, 2015. 4. Increase in Authorized Share Capital of the Company by an amount of Rs. 2,30,00,000/- (Rupees Two Crores thirty lacs only) pursuant to the scheme of amalgamation. Accordingly, the Authorized Share Capital of the Company stands increased from Rs. 70,00,00,000 (Rupees Seventy Crores only) to Rs. 72,30,00,000/- (Rupees Seventy Two Crores Thirty lakhs only) comprising of 22,30,00,000 (Twenty Two Crores thirty lacs only) Equity shares of Re. 1/- each (Rupee one only) and 50,00,000 (Fifty lac) Preference Shares of Rs. 100/- each (Rupees Hundred only). (As Per BSE Announcement Dated on 30.03.2015)