Adf Foods Ltd has announced that the Board of Directors of the Company at its meeting held on December 20, 2006, the proposal of merger of "Lustre Investment Pvt Ltd" — one of the group Companies — into the Company, was considered and approved by the Board, subject to the approval of (i) the members / creditors of both the Companies, to be obtained at their respective Extraordinary General Meeting/s to be convened specially for the purpose, (ii) relevant High Courts and (iii) the Stock Exchange.