Corporate News     22-Oct-08
Birla Precision Technologies approves scheme of arrangement
To amalgamate Indian Tool Manufacturers with the company
The board of directors of Birla Precision Technologies has approved the merger of Indian Tool Manufacturers, a unit of Zenith Birla (India) Ltd (a Yash Birla Group Company) with the Company. This was made on the meeting held on 22 October 2008.

The scheme of arrangement is subject to the permission, sanction & approval of shareholders of Birla Precision Technologies Ltd & Zenith Birla (India) Ltd, lenders, High Court of Judicature at Bombay Stock Exchanges and other regulatory authorities.

The appointed date of the scheme of arrangement is 01 April 2008 or such other date as may be approved by the High Court of Judicature at Bombay.

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