INDIA SECURITIES LIMITED 2

INDIA SECURITIES LIMITEDSr.No.Details of the Companies India Securities Limited [Transferee Company] ETHL Communications Holdings Limited [Transferor Company]18 Details of approvalsobtained/to be obtained/sought from creditors,authorities like stockexchanges /authoritiesunder the Companies Act,1956 etc.19 Details of Board Meetingwhen the proposal wasconsidered/ approved.20 Any other details whichdeemed necessary forinformation to shareholdersenabling them to make aninformed decision aboutthe proposed scheme,including those requiredunder Section 393 of theCompanies Act, 1956.a. No objection letter has been obtained from Bombay Stock ExchangeLimited as per clause 24(f) of the listing agreement.b. Approval of the equity shareholders of the Company to be obtained.c. Approval of Hon’ble High Court of Judicatures at Madras and atBombay to be obtained for the Scheme.a. Shareholders of the Company have given their consent in writing to theproposed scheme of amalgamationb. Approval of Hon’ble High Court of Judicatures at Bombay and at Madras is tobe obtained16 th May, 2011 10 th May, 2011NIL NIL18