Batliboi scheme of arrangement meeting on Jan 25 2008

Batliboi Ltd has informed that pursuant to the order made by the Hon'ble High Court of Judicature at Bombay, a separate meeting of the Equity Shareholders, Preference Shareholders, Unsecured Creditors and Secured Creditors of the Company will be held on January 25, 2008, for the purpose of considering and if thought fit, approving with or without modification, the Arrangement embodied in the scheme of Amalgamation of Batliboi SPM Pvt Ltd ("the Transferor Company") with the Company ("the Applicant Company").