Ballarpur Industries Scheme of arrangement

Ballarpur Industries Ltd has informed that the Scheme of Arrangement and Reorganisation between the Company and BILT Graphic Paper Products Ltd and their respective Shareholders and Creditors (the Scheme") has been duly sanctioned by the Hon'ble High Court of Bombay, Nagpur Bench vide its order dated November 30, 2007 & the Company have filed on December 26, 2007 the certified copy of the said order, alongwith Form - 21, with the Registrar of Companies, Mumbai for making the Scheme effective.

Further, the Company is also awaiting the other necessary procedural approvals. On receipt of the same, the Board of Directors / Committee of Directors of the Company shall determine the Record Date and intimate the same.