Escorts - Updates on Scheme of Arrangement

Escorts Ltd has informed BSE that the Hon'ble High Court of Punjab and Haryana at Chandigarh at the hearing held on September 17, 2009, has approved the Scheme of Arrangement between Escorts Agri Machinery Inc., USA (EAMI) and Escorts Ltd. (Escorts) and their respective shareholders and creditors for merger / amalgamation of EAMI into Escorts. The certified copy of the High Court order, received by Escorts on October 03, 2009, has been filed with the Registrar of Companies on October 09, 2009.

EAMI has also obtained a Certificate dated October 16, 2009 from the Secretary of State of the State of Delaware certifying filling of certificate of merger on October 13, 2009 in accordance with local laws of Delaware to give effect to this scheme.