De-merger of the securities in business of Mobil Petrochem into Ittefag Ice and Cold Storage. 1 equity share of Ittefaq Ice and Cold Storage for every 6 equity shares held in Mobil Petrochem.

Amalgamation of Mobil Petrochem with Panama Petrochem. 1 equity share of Panama Petrochem for every 2 equity shares held in Mobil Petrochem.

This was approved at the board meeting held on 14 April 2008.