Nilkamal Ltd

Nilkamal Ltd has informed that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Nilkamal Crates and Bins Pvt Ltd and Stackwell Marketing Services Pvt Ltd and the Company and their respective shareholders and creditors ("the Scheme") u/s Section 391 to 394 of the Companies Act, 1956, on September 28, 2007. The said Scheme envisages the following:

(a) Merger of Nilkamal Crates and Bins Pvt Ltd ("NCBPL") into the Company.

(b) Stackwell Marketing Services Pvt Ltd ("SMSPL") into the Company.

(c) Pursuant to the merger:

4 Equity Shares of Rs 10 each fully paid up of the Company would be issued to the shareholders of NCBPL for every 21 Equity Shares of Re 1 each held by them in NCBPL.

5 fully paid up equity shares of Rs 10 each of the Company would be issued to the shareholders of SMSPL for every 12 equity shares of Re 1 each held by them in SMSPL.