Bio Green Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 12, 2010, inter alia, has discussed and approved the following: 1. The Board of Directors of Bio Green Industries Ltd. and Bio Green Papers Ltd., a wholly owned subsidiary of Bio Green Industries Ltd. in their respective meetings held on April 12, 2010, approved a proposal to demerge the investments of Bio Green Industries Ltd. in Bio Green Papers Ltd. Subsequent to which Bio Green Papers Ltd. will issue 1 (One) new equity share to Bio Green Industries Ltd. Shareholders for every equity share they hold in Bio Green Industries Ltd. On completion of the demerger Bio Green Industries Ltd. shareholders will directly hold 100% of Bio Green Papers Ltd. exactly in the proportion as they hold as on record date for the specific purpose. Bio Green Papers Ltd., post demerger is proposed to be listed after the scheme is made effective. 2. As a separate matter, Bio Green Papers Ltd. has resolved to pursue onward consolidation of the Kraft Paper & Duplex Board business along with its other related Operations. Board also approved the appointment of M/s. R. K. Associates, Legal Firm based at Mumbai as the Legal Advisors for the Demerger. 3. Board also put on place and noted the timing of Demerger as a Business Strategy with regard to the following aspects: i. The proposed demerger will enable the Bio Green Industries Ltd. shareholders to get 1 share at no cost of Bio Green Papers Ltd. post demerger, thus protect and maximize value to the shareholders. ii. Creation of pure play Agri Operations on account of Bio Green Industries Ltd. with its forward plans for diversification. iii. Creation pure play Kraft Paper & Duplex Board Operations on account of Bio Green Papers Ltd. with its forward expansion plans. iv. Opening up new financing options for their growth v. Provide direct exposure to the shareholders of Bio Green Industries Ltd. in Bio Green Papers Ltd. vi. Least possible transaction costs. Board also approved April 01, 2010 as the appointed date for the said Demerger. The Company has initiated the process of obtaining the required approvals from exchanges as a pre-requisite for approaching the honorable high court for the proposed demerger. Bio Green Industries Ltd has informed BSE that the Court Convened EGM of Shareholders of the company is held on July 20, 2010 and the shareholders have approved the arrangement embodied in the Scheme of Arrangement and Demerger between Bio Green Industries Limited (Demerged Company or BGIL) and its Shareholders and Creditors and Bio Green Papers Limited (Resulting Company). (As Per BSE Announcement Website dated on 20.07.2010) Bio Green Industries Ltd has informed BSE that The Hon'ble High Court of Judicature at Hyderabad, Andhra Pradesh has sanctioned the Scheme of Arrangement / Demerger of the investments of Bio Green Industries Ltd. (Demerged Company) in Bio Green Papers Ltd. (Demerged Undertaking/Resulting Company), a wholly owned subsidiary of the Bio Green Industries Ltd. to the Resulting Company, and the consequent issue of equity shares by the Resulting Company to the shareholders of the Demerged Company in the manner provided for in the Scheme. (As Per BSE Announcement Website dated on 30.11.2010) Bio Green Industries Ltd has informed BSE that the Hon'ble High Court of Judicature at Mumbai, Maharashtra has sanctioned the Scheme of Arrangement / Demerger of the investments of Bio Green Industries Limited (Demerged Company) in Bio Green Papers Limited (Demerged Undertaking / Resulting Company), a wholly owned subsidiary of the Bio Green Industries Limited to the Resulting Company, and the consequent issue of equity shares by the Resulting Company to the shareholders of the Demerged Company in the manner provided for in the Scheme. (As Per BSE Announcement Website dated on 03.02.2011) Bio Green Industries Ltd has informed BSE that the Company has fixed March 11, 2011 as the Record date for determination of Members of the Company who would become eligible for issuance of equity shares by Bio Green Papers Limited, pursuant to the Scheme of Arrangement, for Demerger of Paper Business of the Company and transfer / vesting of the said Business Undertaking in favor of Bio Green Papers Limited with effect from April 01, 2010 (Appointed date)' (As Per BSE Announcement Website dated on 22.02.2011) SUB. :- Scheme of Arrangement of Bio Green Industries Ltd. (Scrip Code 512253) Trading Members of the Exchange are hereby informed that, Bio Green Industries Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement of the Company. COMPANY NAME CODE Bio Green Industries Ltd. (512253) RECORD DATE 11/03/2011 PURPOSE Scheme of Arrangement: - Demerger of the paper business (BGPL), and demerger of the investments of Bio Green Industries Ltd. (BGIL) into Bio Green Papers Ltd (BGPL). Upon the Scheme becoming operative and upon vesting of the BGPL (a 100% wholly owned subsidiary of BGPL) by way of demerger of the investments of BGIL in BGPL, BGPL shall issue and allot to the shareholders of BGIL, in the ratio of 1 (ONE) equity share of Rs.10/- each fully paid up of BGPL for every 1 (ONE) equity share of Rs.10/- each fully paid up held by them in BGIL. EX-ENTITLEMENT FROM DATE & SETT. NO. 10/03/2011 DR-241/2010- 2011 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice dated on 28.02.2011)