Virat Crane Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 05, 2007, inter alia, has considered and accorded the following: 1. The Board has decided and consented for the De-Merger of its Infrastructure Facilities and Projects into a Separate Company namely Crane Infrastructure Ltd, The De-merged Entity which will encompass the infrastructure projects and infrastructure facilities, has been valued at Rs 25 crores. 2. The Board has decided to issue 1 (one) equity shares of Rs 10/- each in the Demerged Entity to all the shareholders of the Company at 'no - cost under the de-merger scheme'. Virat Crane Industries Ltd has informed BSE that the shareholders at the Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded to the following: The shareholders have been informed about the on-going Merger of Durga Dairy Ltd with the Company and Demerger of its Infrastructure Division into a Separate Entity namely Crane Infrastructure Ltd. The Pre-Approval for the same is awaited from the exchange. (As Per BSE Announcement Website Dated on 01/10/2007) Virat Crane Industries Ltd has informed BSE that the Company has obtained the in-principle approval of the exchange for the Demerger of its real estate / infrastructure division into Crane Infrastructure Ltd and Amalgamation / Merger of Durga Dairy Ltd with M/s. Virat Crane Industries Ltd. The demerger of real estate / infrastructure division and amalgamation / merger of Durga Dairy Ltd with the Company will take effect after obtaining the order of Honorable High Court of Andhra Pradesh, Hyderabad. The Company has initiated the process with reference to the Court Approval. The demerger scheme envisages a share issuance of 1 shares of Demerged Entity namely Crane Infrastructure Ltd for every 1 share held by the existing shareholders of the Company. The 'Appointed Date' has been fixed as April 01, 2007 or such other date as the High court may direct, in the process of obtaining the High Court Approval. The demerger of real estate / infrastructure division and Merger / Amalgamation of Durga Dairy Ltd with the Company reaffirms the growing importance given by the Company in its focus areas of Food & Dairy Products by showcasing, the Promoters, commitment to enhance the value of all stakeholders by going in for the demerger of the surplus real estate / infrastructure by putting the same under commercial revenue model. (As per BSE Announcement Website dated on 17/04/2008) Virat Crane Industries Ltd has informed BSE that the Company has held the Court Convened Extra Ordinary General Meeting on December 06, 2008, for the approval of the Scheme of Arrangement, as directed by the Honorable High Court Andhra Pradesh, Hyderabad. The said Scheme of Arrangement of the demerger of the infrastructure division into Crane Industries Ltd, have been unanimously approved by the Court Convened EGM. (As Per BSE Anouncement Website dated on 08.12.2008) Virat Crane Industries Ltd has informed BSE that the Hon'ble High Court of Judicature of Andhra Pradesh at Hyderabad in its order dated February 18, 2010 has sanctioned the Composite Scheme of Arrangement for The demerger and transfer and vesting of the real estate / infrastructure Business of Virat Crane Industries Ltd. into Crane Infrastructure Ltd. on a going concern basis. (As Per BSE Announcement Dated on 11/03/2010) Virat Crane Industries Ltd has informed BSE that the Company has received a certified true copy of the final order from Hon'ble High Court of Andhra Pradesh on April 06, 2010 approved the Composite Scheme of Arrangement between the Company, Crane Infrastructure Ltd. and their respective Shareholders and Creditors, for demerger of the Real Estate and Infrastructure Business undertaking of the Company and transfer / vesting of the said undertaking in favor of Crane Infrastructure Ltd and also the merger of Durga Dairy Ltd. with Virat Crane Industries Ltd. with effect from April 01, 2007 (Appointed Date). Further the Company has informed that, the aforesaid Scheme of Arrangement has become effective on April 23, 2010, upon filing of the said order of Hon'ble High Court of Andhra Pradesh with the Registrar of Companies, Andhra Pradesh, Hyderabad. (As Per BSE Announcement Dated on 12.05.2010) SUB. :- Scheme of Arrangement of Virat Crane Industries Ltd. (Scrip Code 519457) Trading Members of the Exchange are hereby informed that, Virat Crane 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 of the company. COMPANY NAME CODE Virat Crane Industries Ltd. (519457) RECORD DATE 05/06/2010 PURPOSE Scheme of Arrangement: - Demerger of the Real Estate and Infrastructure Business Undertaking of Virat Crane Industries Ltd. and its vesting in Crane Infrastructure Ltd. Upon this scheme becoming operative and upon vesting of the Real Estate/Infrastructure Business of Virat Crane Industries Ltd. into Crane Infrastructure Ltd; Crane Infrastructure Ltd. shall issue and allot in the ratio of 1 (ONE) equity share of Rs.10/- each fully paid up of Crane Infrastructure Ltd. for every 1 (ONE) Equity Share of Rs.10/- each fully paid up held in Virat Crane Industries Ltd. EX-ENTITLEMENT FROM DATE & SETT. NO. 03/06/2010 DR-046/2010- 2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 19.05.2010)