Rain Calcining Updates

Rain Calcining Ltd has informed that the Certified true copies of the Order of the Hon'ble High Court of Andhra Pradesh approving the Scheme of Arrangement consisting of the following:

(a) Transfer of Cement Business from Rain Industries Ltd to Rain Commodities Ltd with effect from July 01, 2006.

(b) Amalgamation of the Company with Rain Commodities Ltd with effect from April 01, 2007; and

(c) Transfer of Calcined Petroleum Coke (CPC) and Power Business from Rain Commodities Ltd to Rain Industries Ltd with effect from April 01, 2007;

have been filed with the Registrar of Companies, Andhra Pradesh on November 23, 2007. Accordingly, the Scheme has become effective from November 23, 2007 and the Company has been Amalgamated with Rain Commodities Ltd.