Kojam Fininvest, Gujarat Glass

Gujarat Glass Ltd has informed that October 06, 2007 has been fixed as the Record Date for the purpose of Scheme of Arrangement and Amalgamation ("the Scheme") of Kojam Fininvest Ltd ("KFL") with Gujarat Glass Ltd ("GGL") and their respective shareholders.

Accordingly, 93,17,000 equity shares of Gujarat Glass Ltd held by KFL shall stand cancelled pursuant to the Scheme and 1 equity shares of Rs 10/- each of Gujarat Glass Ltd will be issued to the shareholders of KFL for every 1 equity share of KFL held by them as on the Record Date.

Kojam Fininvest Limited

Kojam Fininvest Limited has informed the Exchange that "The Scheme of Arrangement and Amalgamation of the Company with Gujarat Glass Limited has been approved by the Hon'ble Bombay High Court on August 10, 2007 and Hon'ble High Court of Gujarat at Ahmedabad on August 27, 2007".