ALLIEDRES

Allied Resins And Chemicals Limited has informed the Exchange that the Board Meeting of the Company was held on August 28, 2010 and the following businesses were transacted: (1) Consideration of re-appointment of Mr.Ujjwal Banerjee as a Director of the Company: Mr. Ujjwal Banerjee, Director, of the Company, retires from the office of Directorship by rotation and being eligible, offers himself for re-appointment. Resolved that Mr. Ujjwal Banerjee, Director of the Company subject to the approval of the shareholders of the Company be and is hereby re-appointment as the Director of the Company. (2

Allied Resins And Chemicals Ltd has informed the Exchange that "The Board of Directors at their meeting held on 23 February 2010 in principle decided the shares exchange ratio for merger of the Company with the ARCL Organics Limited. Equity shareholders of the Company will get one equity share of ARCL Organics Limited in exchange of two equity shares of the Company. Further, the Board of Directors finalized the draft Scheme of Arrangement for amalgamation of the Company with the ARCL Organics Limited".