The Company has informed that the Board of Directors has approved for adoption of the decision of the Board of Directors of its subsidiary companies, Titas Spinning & Denim Company Ltd. (TSDL) and Salek Textile Ltd. (STL) for Merger & Amalgamation of TSDL (Transferor Company) with STL (Transferee Company) with effect from 1st July 2013 or on such date as may be approved by the Hon'ble High Court Division of the Supreme Court of Bangladesh, BSEC and other Regulatory Authorities. TSDL and STL, subsidiaries of Malek Spinning Mills Ltd. have paid up Capital of Tk. 38.00 crore and Tk. 40.00 crore respectively of which Malek Spinning Mills Ltd. is holding 3,799,000 shares of TSDL of Tk. l00.00 each amounting to Tk. 379,900,000.00 (cont.)