Indo Gulf Industries Ltd (IGIL) has informed BSE that the Board of Directors of the Company at its meeting held on July 27, 2009, inter alia, has adopted and approved, subject to the approval of Hon'ble BIFR revival proposal of the Company (IGIL), which is based on demerger of Sugar Unit of IGIL, situated at Maizapur, UP and merger of the said Sugar unit with the holding Company Balrampur Chini Mills Ltd (BCML). The explosive unit of IGIL is proposed to be continued as the sole unit of IGIL as per the above-said revival proposal. The draft Rehabilitation Scheme will be submitted to State Bank of India, the Operating Agency appointed by BIFR to examine the viability. Balrampur Chini Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 27, 2009, has approved, subject to the approval of shareholders of the Company and of Hon'ble BIFR revival proposal of its subsidiary M/s. Indo Gulf Industries Ltd (IGIL), which is based on demerger of Sugar Unit of IGIL, situated at Maizapur, UP and merger of the said Sugar unit with BCML. The explosive unit of IGIL is proposed to be continued as the sole unit of IGIL as per the above-said revival proposal. The draft Rehabilitation Scheme will be submitted by IGIL to State Bank of India, the Operating Agency appointed by Hon'ble BIFR to examine the viability of the Scheme. Balrampur Chini Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 08, 2010, inter alia, have adopted and approved the Draft Rehabilitation Scheme containing the Scheme of Arrangement for the demerger of Suger Division of Indo Gulf Industries Ltd. (IGIL) situated at Maizapur, Gonda, U.P. and merger of the said Sugar Division with Balrampur Chini Mills Ltd. (BCML) including the share exchange ratio of 1 equity share of Re. 1/- each fully paid up of Bairampur Chini Mills Ltd. for every 100 equity shares of Re. 1/- each (post restructuring) in IGIL, circulated by Hon'ble BIFR for the revival of IGIL vide order dated March 26, 2010, with the appointed date of October 01, 2008 or such other date and on such terms and conditions as may be acceptable to BCML and IGIL and sanctioned by the Hon'ble BIER, subject to the approval of Hon'ble Board for Industrial and Financial Reconstruction (BIFR). (As Per BSE Annoucement Website dated on 09.06.2010) Indo Gulf Industries Ltd has informed BSE that the Board of Industrial & Financial Reconstruction (BIFR) has sanctioned the Rehabilitation Scheme of M/s. Indo Gulf Industries Ltd (IGIL) vide their Order dated June 24, 2010. Pursuant to the Order, the paid up share capital of Indo Gulf Industries Ltd (IGIL) to be reduced by 90% and equity share of Rs. 10/- each will be equity share of Re 1 each. Thereafter, the paid up share capital of the Company after restructuring will be 95.67 lakhs consisting of 9567270 equity shares of Re 1 each. The demerger of Sugar Unit of Indo Gulf Industries Ltd situated at Maizapur, Gonda, UP. and its merger with Balrampur Chini Mills Ltd. (BCML) including the share exchange ratio of 1 equity share of Re 1 each fully paid up of BCML for every 100 equity shares of Re 1 each (post restructuring) in IGIL. Balrampur Chini Mills Ltd has informed BSE that the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) has sanctioned the Rehabilitation Scheme containing the Scheme of Arrangement for the demerger of Sugar Division of Indo Gulf Industries Ltd. (IGIL) situated at Maizapur, Gonda, U.P. and merger of the said Sugar Division with the Company including the share exchange ratio of 1 equity share of Re. 1 each fully paid up in Balrampur Chini Mills Ltd (BCML) for every 100 equity shares of Re. 1 each (Post restructuring) held in IGIL vide its Order dated June 24, 2010. (As Per BSE Announcement Website dated on 20.07.2010) Balrampur Chini Mills Limited has informed the Exchange that 'In terms of the Rehabilitation Scheme containing the Scheme of Arrangement sanctioned by the Hon'ble BIFR at New Delhi by an Order passed on 24th June, 2010, the Record Date has been fixed as 24th August, 2010 for the purpose of determining the eligibility of the shareholders of Indo Gulf Industries Ltd (IGIL) (since the Sugar Unit of IGIL merged with the Company) for allotment of shares by the Company. The members of IGIL, whose names appear in the Register of Members as on 24th August, 2010, will be allotted 1 equity share of Re. 1 each in Balrampur Chini Mills Ltd credited as fully paid up for every 100 equity shares of Re. 1 each held by them in IGIL'. (As Per NSE Bulletin dated on 23.07.2010) SUB. :- Scheme of Arrangement of Indo Gulf Industries Ltd. (Scrip Code 506945) Trading members of the Exchange are hereby informed that, Indo Gulf Industries Ltd. has fixed the Record Date for the purpose of the Scheme of Arrangement pursuant to the order passed by Hon'ble Board for Industrial and Financial Reconstruction (BIFR). COMPANY NAME & CODE Indo Gulf Industries Ltd. (506945) RECORD DATE 24/08/2010 PURPOSE Scheme of Arrangement: A) Reduction of Capital: The existing share capital of the company shall be reduced by 90% and then every equity shares of Rs. 10/- each shall become equity shares of Re. 1/- each fully paid up. B) Demerger: In consideration for the transfer and vesting of the sugar unit of Indo Gulf Industries Ltd. in Balrampur Chini Mills Ltd. in terms of this scheme, Balrampur Chini Mills Ltd. shall issue and allot to each equity shareholder of Indo Gulf Industries Ltd. equity shares in the ratio of 1 equity share of Re.1 /- each fully paid up for every 100 equity shares of Re. 1/- each ( post restructuring of equity share capital of Indo Gulf Industries Ltd., as proposed in the rehabilitation scheme under consideration of BIFR upon its sanction by the BIFR) held by each member in Indo Gulf Industries Ltd. C) Dividend payment: Balrampur Chini Mills Ltd shall pay dividend to shareholders of Indo Gulf Industries Ltd @ Rs. 3 per share for the year 2008-09 which was declared by Balrampur Chini Mills Ltd in the Annual General Meeting held on 29.01.2010. Trading Members of the Exchange are requested to note that trading in the company is already under suspension. (As Per BSE Notice Dated on 29.07.2010) Balrampur Chini Mills Ltd has informed BSE that 44048 equity shares of Re. 1 each of the Company have been issued and allotted on September 09, 2010 to the shareholders of Indo Gulf Industries Ltd, pursuant to order dated June 24, 2010 of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) containing the Scheme of Arrangement for the demerger of Sugar Division of IGIL and its merger with Balrampur Chini Mills Ltd. (As Per BSE Announcement Dated on 08.09.2010)