House of Pearl Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, approved Scheme of Arrangement for merger of Pearl Global Ltd (PGL) with House of Pearl Fashions Ltd (HOPFL). The Board also took on record valuation report providing for fair equity share exchange ratio for the proposed merger of PGL with HOPFL of 2 (two) equity shares of HOPFL of Rs. 10/- each fully paid-up for every 3 (three) equity shares of PGL of Rs. 10/- each fully paid-up. House of Pearl Fashions Ltd has informed BSE that the Hon'ble High Court of Delhi has on November 11, 2011 sanctioned the Scheme of Amalgamation of Pearl Global Ltd. with and into House of Pearl Fashions Ltd. The scheme will be effective upon filing of the written order with the Registrar of Companies, National Capital Territory of Delhi and Haryana. (As Per BSE Announcement Dated on 11.11.2011)