Jubilant Organosys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 08, 2010, approved a Scheme of Amalgamation and Demerger among Jubilant Organosys Ltd. ('Jubilant Organosys'), Speciality Molecules Ltd. (SML), Pace Marketing Specialities Ltd. (PMSL) and Jubilant Industries Ltd. ('Jubilant Industries') and their respective Shareholders & Creditors. The Scheme envisages the following: Amalgamation of SML with Jubilant Organosys Amalgamation of Speciality Molecules Ltd. (SML), the wholly owned subsidiary of Jubilant Organosys with the holding Company- Jubilant Organosys. The shares held by Jubilant Organosys in SML will be cancelled and no shares shall be issued by Jubilant Organosys on this Amalgamation. The proposed Scheme is subject to approval of Members, sanction of Hon'ble High Court at Allahabad and other necessary permissions and approvals as may be required. Jubilant Organosys Ltd has informed BSE that the following meetings were held on September 24, 2010 as per the Order of the Hon'ble High Court of Judicature at Allahabad: 1. Equity Shareholders of Jubilant Organosys Ltd; 2. Secured Creditors of Jubilant Organosys Ltd; 3. Unsecured Creditors of Jubilant Organosys Ltd 4. Unsecured Creditors of Speciality Molecules Ltd; and 5. Equity Shareholders of Pace Marketing Specialities Ltd In the above meetings the Equity Shareholders / Creditors have approved the Scheme of Amalgamation and Demerger among Jubilant Organosys Ltd, Speciality Molecules Ltd, Pace Marketing Specialities Ltd and Jubilant Industries Ltd under sections 391/394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 27.09.2010) With reference to the earlier announcement regarding the Scheme of Amalgamation and Demerger among Jubilant Life Sciences Ltd., Speciality Molecules Ltd., Pace Marketing Specialities Ltd. and Jubilant Industries Ltd. has been filed with Registrar of Companies and has become effective from November 15, 2010, Jubilant Life Sciences Ltd has now informed BSE that, as envisaged in the Scheme, the Company has on November 18, 2010 allotted 5,01,364 Equity Shares of Re. 1 each to the shareholders of Pace Marketing Specialities Ltd. (As Per BSE Announcement Dated on 18.11.2010)