JBFIND

JBF Industries Limited has Submitted to the Exchange a Copy of Amended Scheme of Compromise or Arrangement .

JBF Industries Limited has informed the Exchange regarding Scheme of Compromise and Arrangement amongst JBF Industries Limited and its respective Shareholders and Creditors.

Jbf Industries Limited has informed the Exchange that JBF Industries Limited has entered into an understanding with CVCIGPII CLIENT ROSEHILL LIMITED & CVCIGPII EMPLOYEE ROSEHILL LIMITED (and certain of their affiliates) to acquire approx 2/3rd of such entities total convertible holding in JBF Global Pte Ltd, Singapore for approximately US$ 60 million and has accordingly executed a non-binding Term Sheet with them. The transaction is subject to approval of the Board of Directors of JBF Industries Limited and execution of definitive binding agreements. This transaction will enable JBF Industries

Jbf Industries Ltd. has informed the Exchange that "The Board of Directors of the Company in the meeting convened today i.e. on 28th March, 2008 has considered the Scheme of amalgamation of Microsynth Fabrics (India) Limited into JBF Industries Limited. The Valuation Report was taken on record and the Board of Directors has fixed swap ratio One fully paid up equity share of Rs. 10 each of JBF Industries Limited will be issued for every 200 fully paid up equity shares of Rs. 10 each of Microsynth Fabrics (India) Limited."