Mahindra & Mahindra Ltd has informed BSE that "This is further to our letters dated January 30, 2009 & February 16, 2009 regarding the Scheme of Amalgamation of Punjab Tractors Ltd with Mahindra and Mahindra Ltd and their respective Shareholders ("the Scheme"). We wish to inform you that the Company has fixed Wednesday, the March 04, 2009 as the Record Date for the purpose of ascertaining the Shareholders of the erstwhile Punjab Tractors Ltd ("PTL") who would be entitled to receive Equity Shares of the Company in terms of the Scheme.

In accordance with the Scheme, the Company will issue and allot to those Shareholders of PTL whose names appear in the Register of Members of PTL on the record date, 1 (One) equity share of Rs 10 each fully paid up in the capital of the Company for every 3 (Three) equity shares of Rs 10 each fully paid up held in the equity share capital of PTL. The equity share certificate(s) of PTL will not be called back by the Company for exchange with the equity shares of the Company. The equity shares issued by PTL will not be tradable or negotiable on and from the Record Date or such other earlier date as may be fixed by the Stock Exchanges in this regard.

The Equity Shares, proposed to be issued by the Company, will be submitted for listing with the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd and they shall rank pari-passu with the then existing Equity Shares of the Company".