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Indage Vintners` board approves the composite scheme of arrangement and compromise

The board of Indage Vintners in its meeting on 14 June 2010 has approved the composite scheme of arrangement and compromise (the scheme) between Industrial Agencies Indage Pvt Ltd (IAIPL) and Indage Vintners Ltd (IVL) and their respective shareholders and the creditors of Indage Vintners Ltd under the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956. The appointed date for the merger shall be 01 April 2010.

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