Bodal Chemicals equity shareholders, preference shareholders & creditors approve Scheme of Arrangement

Bodal Chemicals Ltd has informed that the Equity Shareholders & Preference Shareholders of the Company at the Extra Ordinary General Meeting held on December 26, 2007 (Convened by Hon'ble High Court of Gujarat, Ahmedabad for Amalgamation of Milestone Organics Ltd with the Company), have voted in favour for the Amalgamation of Milestone Organic Ltd with the Company.

Further the Company has informed that at the Separate Meeting of the Unsecured Creditors & Secured Creditors of the Company held on December 26, 2007, (Convened by Hon'ble High Court of Gujarat, Ahmedabad for Amalgamation of Milestone Organics Ltd with the Company), have voted in favour for the Amalgamation of Milestone Organic Ltd with the Company.