Members of the Exchange are hereby informed that the under mentioned new securities of Nicholas Piramal India Limited (Scrip Code: 700095, INE140A04028) are listed and permitted for trading on the Exchange with effect from Thursday, the 12th August, 2004. Name of the Company:Nicholas Piramal India Limited (NPIL) Securities : 2,33,72,280 5% Cumulative Redeemable Preference Shares of Rs.10/- each fully paid-up, issued to the shareholders of The Morarjee Gokuldas Spg. & Wvg. Ltd. pursuant to Scheme of Arrangement. Distinctive numbers:1 to 2,33,72,280 Scrip Code:700095 Group:B2 Market Lot:1 Share Scrip ID on BOLT System:NICHOPS Abbreviated name on BOLT System:NICHO CRPS Tick Size:Five paise. ISIN No.:INE140A04028 2. The salient features of the above mentioned preference shares are as under: Face Value:Rs.10/- each. Coupon Rate :5% per annum w.e.f. 1st December 2003. Date of Allotment:28th June 2004 Date of Redemption:These preference shares shall be redeemed at par at any time after 31st March 2005 and before expiry of the period of five years from 1st December 2003 as may be decided by the Board of Directors of the Company, by giving not less than 30 days notice to the holders of Preference Shares, with an option to the Company to extend the said period of five years with the approval by a Special Resolution passed by the holders of these Preference Shares or the consent in writing of the holders of at least three-fourth of the number of these Preference Shares. 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: The Scheme of Arrangement between The Morarjee Gokuldas Spg. & Wvg. Co. Ltd. (Morarjee) and Canere Actives & Fine Chemicals Pvt. Ltd. (Canere) was sanctioned by the HonÆble High Court of Bombay on 6th May, 2004. Subsequently the Scheme of Amalgamation of Canere with NPIL was also sanctioned by the Hon'ble High Court of Bombay on 6th May, 2004. The Appointment date : 1st December, 2003 The Effective date : 19th May, 2004 Date of Allotment : 28th June, 2004 As per the scheme, the Tools Division of Morarjee was transferred to Canere and subsequently Canere got merged with NPIL, and in consideration thereof the NPIL has issued Six 5% Cumulative Redeemable Preference Shares of Rs.10/- each for every Five Equity Shares of Rs.10/- each held in Morarjee. 4. As per Exchange's Notice No. 20040610-8 dated 10th June, 2004, the Transferor Company i.e. Morarjee, had fixed 25th June 2004 as "Record Date" for giving effect to the Scheme of Arrangement. 5. The company's financial year ends on 31stMarch.