21st-Mar-2005 18:38Source: BSE

Jaipur Polyspin Ltd has informed BSE that the Committee of Directors of the Company at its meeting held on March 21, 2005, approved the Scheme of Amalgamation of the Company with M/s. Rajasthan Spinning & Weaving Mills Ltd under Section 391-394 of the Companies Act, 1956 to be effective with the approval of the Hon''ble High Court. The swap ratio was decided at 29(Twenty Nine) Equity Shares of Rajasthan Spinning & Weaving Mills Ltd. in exchange of 100 (One Hundred) Equity Shares of the Company.