Amrapali Developers - Updates

Amrapali Developers India Ltd has informed BSE that the Company has filed merger application with Amrapali Developers (India) Ltd and Korrwett capital and Investment Ltd. The procedure of amalgamation is near completion stage and the Company is awaiting for the final Order of Gujarat High Court. On merger, The transferor Company's i.e. Amrapali Developers (India) Ltd and Korrwett capital And Investment Ltd accounts will be merged with transferee Company i.e. Amrapali Industries Ltd and the merged accounts will give the correct position for the shareholders of both the listed entities.

In view of the reason mentioned hereinabove, the Company propose to call Board meeting on or before end of July 09 instead of June, 09.