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Gulshan Polyols Ltd - Updates on Scheme of Arrangement

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Gulshan Polyols Ltd has informed BSE that Hon'ble High Court(s) of Delhi at New Delhi and Uttar Pradesh at Allahabad have approved the Scheme of Amalgamation for the merger of Salil Industries Ltd. with the Company. Further the Company has informed that, the Board of Directors of Salil Industries Ltd. has fixed November 11, 2010 as the record date for the purpose of reckoning the entitlement of shares to be allotted by the Company to the shareholders of Transferor Company. The Board of Directors of Salil Industries Ltd. has also requested the Company to allot the shares as per the Scheme of Amalgamation to the eligible shareholders.


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