Mahindra & Mahindra Ltd: Updates on Scheme of Arrangement

With reference to earlier announcement dated March 25, 2011 regarding Hon'ble High Court of Judicature at Bombay on March 25, 2011 had approved the arrangement, embodied in the Scheme of Arrangement between Mahindra Shubhlabh Services Limited ("Demerged Company") and Mahindra and Mahindra Limited ("Resulting Company") and their respective Shareholders ("the Scheme"), Mahindra & Mahindra Ltd has now informed BSE that the certified copy of this Order sanctioning the Scheme from January 01, 2010 being the Appointed Date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on April 15, 2011.

Thus, the Scheme has become effective from April 15, 2011, being the last of the dates on which the said certified or authenticated copy of the Order sanctioning the Scheme passed by the aforesaid Hon'ble High Court of Judicature at Bombay has been filed with the Registrar of Companies, Maharashtra, Mumbai.

Accordingly, the demerger of the Agri Inputs Business along with other common assets an liabilities ("Non Fruit business") of Demerged Company into the Resulting Company and other consequential matters under the provisions of Sections 391 to 394 of the Companies Act, 1956 stands completed.