Pearl Global Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2012, approved the 'Scheme of Arrangement' between the Pearl Global Industries Ltd (Transferor Company) and PDS Multinational Fashions Ltd (Transferee Company) (its wholly owned subsidiary) and their respective Shareholders and Creditors for Demerger of the business undertaking of the Transferor Company and its subsequent merger with and into the Transferee Company, pursuant to section 391 to 394 of the Companies Act, 1956 and other applicable provisions. Pearl Global Industries Ltd has informed BSE that the Hon'ble High Court of Delhi has on March 10, 2014 sanctioned the Scheme of Arrangement between Pearl Global Industries Limited and PDS Multinational Fashions Limited. The Scheme will be effective upon filing of the written order with the Registrar of Companies, National Capital Territory of Delhi and Haryana. Copy of written Order is awaited. (As Per BSE Announcement Dated on 11.03.2014) Pearl Global Industries Limited has informed the Exchange that the Company has fixed a record date on May 28, 2014 for exchange of equity shares of the Company in the ratio of 6 equity shares of PDS Multinational Fashions Limited for every 5 equity shares held in Pearl Global Industries Limited, in terms of Scheme of Arrangement between the Pearl Global Industries Limited and PDS Multinational Fashions Limited, as sanctioned by the Hon'ble High Court of Delhi on March 10, 2014. (As per NSE Bulletin dated on 20.05.2014) SUB. :- Scheme of Arrangement of Pearl Global Industries Ltd. (Scrip Code 532808) Trading Members of the Exchange are hereby informed that, Pearl Global Industries Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by the HonÆble High Court of Delhi at New Delhi. COMPANY NAME CODE Pearl Global Industries Ltd. (532808) RECORD DATE 02/06/2014 PURPOSE Scheme of Arrangement: - Upon the Scheme of Arrangement becoming effective and in consideration of the demerger and transfer of sourcing, distribution and marketing business of Pearl Global Industries Ltd, PDS Multinational Fashions Ltd. shall issue and allot to all shareholders of Pearl Global Industries Ltd. in the following ratio: ôFor every 5 (FIVE) equity shares of Rs.10/- each, held in Pearl Global Industries Ltd, every equity shareholder of Pearl Global Industries Ltd shall be entitled to receive 6 (SIX) equity shares of PDS Multinational Fashions Ltd of Rs.10/- each fully paid upö. EX-ENTITLEMENT FROM DATE & SETT. NO. 30/05/2014 DR-042/2014- 2015 Note: Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on May 30, 2014. Subject to compliance with requisite formalities the resulting company i.e. PDS Multinational Fashions Ltd will be listed on BSE Limited. (As Per BSE Notice Dated on 28.05.2014)