Aegis Logistics scheme of arrangment

Aegis Logistics Ltd has informed that the equity shareholders of the Company at their Court Convened Meeting held on October 29, 2007, have approved the Scheme of Arrangement between Hindustan Aegis LPG Ltd ('HALPG' or 'Demerged Company' and Aegis Logistics Ltd ('Aegis or Resulting Company') and their respective shareholders and creditors for the transfer of Throughput Activity Undertaking of the Demerged Company into Resulting Company with effect from the Appointed Date of April 01, 2007.

Further resolved that in pursuance of the above Scheme of Arrangement, the Resulting Company do issue and allot 1(One) Equity Share of Rs 10/- each fully paid up in respect of every 3 (Three) fully paid up equity share of Rs 10/- each held by such shareholders in the Demerged Company except that no new shares of the Resulting Company shall be issued and allotted in respect of the shares held by the Resulting Company in Demerged Company if any, on the Record Date.

Further resolved that, subject to availability of name and the approval from the Central Government, with effect from the effective date, the name "Aegis Logistics Ltd" shall stand changed to "Aegis Ltd".