Eicher Motors - Updates on Scheme of Arrangement

Eicher Motors Ltd has informed BSE regarding Board of Directors' approval on the Composite Scheme of Arrangement (hereinafter referred to as 'Scheme') for demerger of the investment business of Eicher Goodearth Investments Ltd. (EGIL) into Eicher Goodearth Pvt. Ltd. (EGPL) and merger of residual EGIL with Eicher Motors Limited. The 'Appointed Date' of the Scheme is January 01, 2009.

Further the Company has informed that, the Hon'ble High Court of Delhi vide its order dated October 27, 2009 has approved the aforesaid Scheme.

As part of the Scheme, the Company shall issue and allot 1,40,32,762 fully paid-up equity shares of Rs. 10/- each to the members of residual Eicher Goodearth Investments Limited (EGIL) in the proportion in which they hold equity shares in Residual EGIL. There would not be any change in the Promoter's shareholding and no financial impact on the Company pursuant to this Scheme.