Caplin Point Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2008, inter alia, subject to such approvals as are required, has approved a Scheme of Amalgamation by which Malind Laboratories Pvt Ltd would be amalgamated with Caplin Point Laboratories Ltd, effective April 01, 2007.

On amalgamation, the Company Caplin Point Laboratories Ltd will be issuing 21 equity shares for every one equity share Malind Laboratories Pvt Ltd.

This exchange ratio is based on the valuation carried out M/s. T Udaya Raj & Associates, Chartered Accountants, Chennai.