Shaw Wallace & Company Ltd has informed BSE that Shaw Wallace Financial Services Ltd ('SWFSL') and Shaw Wallace Breweries Ltd ('SWBL'), two subsidiaries of the Company have decided to merge. The Scheme of Amalgamation for the merger of SWFSL with SWBL has been filed with the relevant High Courts for their consideration and approval. Shaw Wallace & Company Ltd has informed BSE that the Scheme of Amalgamation of Shaw Wallace Financial Services Ltd with Shaw Wallace Breweries Ltd, both subsidiaries of the Company has been sanctioned by the Hon'ble High Courts of Calcutta and Bombay on October 26, 2006 and December 01, 2006, respectively. (As Per BSE Announcement Dated on 04/12/2006)