RPG Cables- Outcome of Board Meeting

RPG Cables Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has considered and approved the Scheme of Amalgamation of RPG Cables Ltd ('RPGCL' and the Company) with KEC International Ltd ('KEC').

The Scheme includes the following:

- Amalgamation of the Company with KBC.
- The Appointed Date of the Scheme will be March 31, 2010.
- KEC to issue its equity shares to the shareholders of the Company as on the record date, based on the share exchange ratio as under:

1 (One)paid up Equity Share of Rs 10 each/- of KEC International Ltd for every 20 (Twenty) fully paid up Equity Shares of Rs 10/- each held by the shareholders of RPG Cables Ltd

The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders and creditors of KEC and the Company, the Bombay and Karnataka High Court and the permission or approval of any other statutory or regulatory authorities which may be necessary for the implementation of the Scheme.