Hindustan Lever Ltd (HLL) Board approves proposal of Amalgamation

29th April 2005: Hindustan Lever Ltd (HLL) has informed BSE that the Board of Directors of the Company at its meeting today has approved the proposal for amalgamation of Lipton India Exports Ltd, Lever India Exports Ltd, Merry Weather Foods Products Ltd, Toc Disinfectants Ltd and International Fisheries Ltd, all subsidiaries of the Company, with the Company.

Subject to obtaining the requisite approvals, the Board also approved the Scheme incorporating the proposed arrangement for amalgamation of the said companies with effect from January 01, 2005 and for this purpose a Committee of Directors have been appointed, inter alia, authorising them to file to requisite applications pursuant to Section 391-394 of the Companies Act, 1956 and take all requisite steps for implementation of the Scheme.

Steps are now being taken to obtain the approval of the shareholders and the Hon'ble High Court of Judicature at Bombay for the Scheme of Amalgamation. It is proposed to synchronize the court convened meetings of the shareholders for this purpose with ensuing Annual General Meeting of the Company scheduled to be held on June 24, 2005 and applications seeking direction of the High Court in this regard are being made accordingly.

The Company has further informed that it understands that the respective Boards of Lipton India Exports Ltd, Lever India Exports Ltd, Merry Weather Foods Products Ltd, Toc Disinfectants Ltd and International Fisheries Ltd have also met today independently and have approved of the Scheme of Amalgamation of the said companies with Hindustan Lever Limited, in terms of the Scheme.

DCM Board to consider merger of its subsidiary

29th April 2005: DCM Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 02, 2005, to consider the matter relating to merger of DCM Realty Investment & Consulting Ltd (A 100% subsidiary of the Company) with the Company.

IVRCL Infrastructures to acquire Hindustan Dorroliver

27th April 2005: IVRCL Infrastructures & Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2005 have resolved for acquiring 70% of the equity of HINDUSTAN DORROLIVER LIMITED (HDO) from M/s, Jumbo World Holdings Ltd and their associates for a consideration of Rs.539.00 million including non compete fees. To this extent an agreement has been entered into with M/s Jumbo World Holdings Ltd. The Company will be making an open offer to the other shareholders of HDO for acquiring a minimum of 20% of the share holding of the Company in compliance with SEBI (SAST).