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NOTICES
Notice No.   20040115-12   Notice Date   15 Jan 2004
Category     Segment   Equity
Subject   Scheme of Arrangement & Reduction of capital & Consolidation of Patels Airtemp Ltd.
 
Content
Sub:- Scheme of Arrangement of Patels Airtemp (India) Ltd. (Scrip Code 517417)
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Members of  the  Exchange are hereby informed that, Patels Airtemp (India) Ltd. has 

fixed the Record Date for the purpose of Scheme of arrangement, Reduction of capital 

and Consolidation of shares. Members of the Exchange are hereby advised  not to deal 

in the securities of the company with effect from the below mentioned date.
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COMPANY NAME     BC BOOK CLOSURE/        PURPOSE                    NO DEALINGS
 & CODE          RD RECORD DATE                                         FROM
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Patels Airtemp -  RD 16/02/2004  As per the Scheme Of Arrangement     10/02/2004
(I) Ltd.                         and demerger one of the units of    DR-221/2003-
517417                           the company shall be transferred           2004 
                                 to another company i.e. Patels 
                                 Airflow Ltd.(PAL)
  
                              a. ONE equity share of Rs.10/- each of
                                 PAL shall be issued for every FOUR 
                                 existing equity shares held.

                              b. ONE equity share of Rs.10/- each of
                                 the company shall stand reduced to   
                                 Rs.7.50 each.                

                              c. THREE equity shares of Rs.10/- each   
                                 shall be issued for every FOUR 
                                 equity shares of Rs.7.50 each 
                                 after the consolidation.
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                                                       K.Gopalkrishnan
Thursday,                                           Asst.General Manager
January 15, 2004                                (Dept. of Corporate Services)
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