|Enkei Wheels (India) Limited was incorporated on 30th March, 2009. It obtained a Certificate of
Commencement of Business on 29th May 2009 Pursuant to the scheme of arrangement between
Enkei Castalloy Limited and the Company, the wheel division of Enkei Castalloy Ltd was demerged to Enkei Wheels (India) Limited. The scheme of arrangement between Enkei Castalloy Limited and Enkei Wheels (India) Limited has been approved by the Honorable High Court on February 26, 2010.