Board has approved the draft of Scheme of Arrangement between the Company and Nagreeka Software Technologies Ltd and their respective shareholders for transfer and vesting of Investment Undertaking of the Company to Nagreeka Software Technologies Ltd. Nagreeka Exports Ltd has informed the Exchange that the BODs of the company at its meeting held on January 19, 2006 passed necessary resolution for demerger of its investment division into a separate company. (As per NSE Bulletin dated on 20/01/2006) SUB. :- Scheme of Arrangement of Nagreeka Exports Ltd. (Scrip Code 521109) Trading members of the Exchange are hereby informed that, Nagreeka Exports 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. Trading members are advised not to deal in the equity shares of the company with effect from the under mentioned date. COMPANY NAME Nagreeka Exports Ltd. CODE 521109 RECORD DATE 30/03/2007 PURPOSE Scheme of Arrangement: - Demerger of the Investment undertaking Nagreeka Exports Ltd. to Nagreeka Software Technologies Ltd. (presently known as Nagreeka Capital & Infrastructure Ltd.) an unlisted company. Upon the coming into effect of this Scheme, the issued, subscribed and paid up Share Capital of the company shall be reduced by canceling a sum of Rs.5/- from each paid up Equity Share of Rs.10/- each from the existing paid up Share Capital of the company and thereafter the Equity Shares of the company shall be reorganized into appropriate number of Equity shares of Rs.5/- each. Upon demerger, transfer and vesting of the Investment undertaking of the company, Nagreeka Software Technologies Ltd. will issue in the ratio of ONE equity share of Rs.5/- each credited as fully paid up of Nagreeka Software Technologies Ltd. for every ONE Equity Share of Rs.5/- each held in Nagreeka Exports Ltd And Nagreeka Software Technologies Ltd. will issue in the ratio of ONE equity share of Rs.5/- each credited as fully paid up of Nagreeka Software Technologies Ltd. for every ONE equity share Warrant held in Nagreeka Exports Ltd. NO DEALINGS FROM 22/03/2007 DR-247/2006- 2007 Note : Nagreeka Software Technologies Ltd. will issue equity shares to the Equity Share Warrant holders after the Equity Share Warrants are converted into Equity Shares in Nagreeka Exports Ltd. Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 15/03/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Nagreeka Exports Limited (Scrip Code: 521109, ISIN No: INE123B01028) are listed and permitted for trading on the Exchange with effect from Monday, June 18, 2007. Name of the Company : Nagreeka Exports Limited (NEL) Registered Office : 18, R.N. Mukherjee Road, 6th Floor, Kolkata - 700 001. Tel. No: 033 - 2210 8828 / 2248 4922 Fax No: 033 û 2248 1693 E-mail: sushil@nagreeka.com Web: www.nagreeka.com Securities : 1,15,27,700 equity shares of Rs.5/- each fully paid-up issued on reorganisation of capital of the company pursuant to the scheme of Arrangement. Distinctive numbers : 1 - 11527700 Scrip Code : 521109 Group : S Market Lot : 1 Share Face Value & Paid up value : Rs.5/- each fully paid Scrip ID on BOLT System : NAGREEKA Abbreviated name on BOLT System : NAGREEKA EXP ISIN No. : INE123B01028 2. Trading members may note that the Equity Shares in dematerialised form after the Scheme of Arrangement has been credited in the new ISIN No. INE123B01028. Henceforth, trading members should deal in the new ISIN No. INE123B01028 only and not to deal in the old ISIN No. INE123B01010. Trades effected in the scrip will be in a unit market lot, i.e., one share in the Rolling Settlement. Exit route scheme for small investors announced vide Exchange Notice No. 1302/ 1999 dated April 15, 1999 will be available. 3. Trading members may please note that 18,28,000 Equity shares of the company, are under lock-in as per details given below and therefore these shares would not be good delivery in the market till then. The company has confirmed that these equity shares are issued in physical form and the relevant share certificates have been enfaced with a stamp regarding its non-transferability. Number of Shares Details of Dist. Nos. Date upto which lock in 1,42,000 231208 to 373207 28.12.2009 3,08,000 373508 to 681507 20.03.2010 98,000 844013 to 942012 28.12.2009 1,29,000 943513 to 1072512 20.03.2010 51,000 1258942 to 1309941 28.12.2009 2,50,000 1430063 to 1680062 28.12.2009 5,60,000 8356653 to 8916652 30.03.2009 80,000 9796940 to 9876939 30.03.2009 85,000 9946940 to 10031939 30.03.2009 1,25,000 10229440 to 10354439 30.03.2009 18,28,000 Total 4. The particulars of the Scheme of Arrangement are as mentioned below: a) The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Judicature at Calcutta, vide its order dated November 21, 2006. b) Appointed Date: April 01, 2005 c) Effective date: February 12, 2007 d) Date of Allotment: March 31, 2007 e) The issued, subscribed and paid-up equity capital of the company before the scheme of arrangement was Rs. 1152.77 lacs consisting of 1,15,27,700 equity shares of face value of Rs.10/- each fully paid up. f) Pursuant to the scheme, the Investment Undertaking of NEL demerged into Nagreeka Capital & Infrastructure Limited (NCIL) formerly known as Nagreeka SoftwareTechnologies Limited. Upon demerger the capital of NEL has been reduced by canceling Rs.5/- from the face value of each equity share of the company such that 1 (one) equity share of Rs.10/- each fully paid up has been reorganized into 1(one) equity share of Rs.5/- each fully paid up. Thus, for every 1 existing equity share of Rs.10/- each held before the record date, the company has issued 1 new equity share of Rs.5/- each. g) Further, in consideration of the demerger of the Investment undertaking, the resulting company viz. NCIL has issued to the shareholders of NEL 1 (one) fully paid up equity share of Rs.5/- each for every 1 (one) equity share of Rs.5/- each held in NEL post reorganization as aforesaid. h) The issued, subscribed and paid-up equity capital of the company consequent upon reduction of capital pursuant to the scheme of arrangemnt comes to Rs.576.39 lacs consisting of 1,15,27,700 equity shares of the face value of Rs.5/- each fully paid up. 4. As per Exchange Notice No. 20070315-26 dated March 15, 2007, the company has fixed March 30, 2007 as 'Record Date', for giving effect to the scheme of arrangement. Accordingly dealing in the abovementioned securities of the company was stopped with effect from March 22, 2007. 5. Trading members may also note that in respect of shares held in physical form, the company has issued new certificates without surrender of the old equity shares certificates of the company and accordingly the old share certificates shall stand cancelled. 6. Trading members of the Exchange are informed that the Equity Share certificates in physical form bearing the undermentioned distinctive numbers of the company as stated alongside shall be good/bad delivery in the market. Name of the company appearing on the share Distinctive Date of Good/ certificate Numbers Issue Bad Delivery Nagreeka Exports Limited 1- 11538000 Before Record Date Bad Nagreeka Exports Limited 1-11527700 After Record Date Good Hence, trading members should take due care and abundant caution while dealing / receiving / delivering these shares of the company from/to the market. 7. The share transfer documents should be sent to the registrar of the company at the address mentioned below: Maheshwari Datamatics Pvt. Ltd. (Unit: Nagreeka Exports Limited) 6, Mangoe Lane, 2nd Floor, Kolkata - 700 001. Tel. No. : 033 - 2243 4029 Fax No. : 033 - 2248 4787 8. The Company's Financial Year ends on 31st March. (As per BSE Notice dated on 14/06/2007)