JDORGO

Jd Orgochem Limited has informed the Exchange that the Hon'ble High Court, Bombay vide their Order dated June 20, 2008 has approved Scheme of Compromise Arrangement of the Company with its Secured Creditors (1st and 2nd Charge Holders) and Equity Shareholders. Further, the Registrar of Companies, Maharashtra, Mumbai has taken on record copy of the Order dated June 20, 2008 together with Scheme of Compromise/Arrangement approved by the Hon'ble High Court.

Jd Orgochem Limited has informed the Exchange that "(1) The Board of Directors of the Company at its meeting held today (i.e. 7th June, 2007) has taken on record confirmation received from Asset Reconstruction Company of India Limited (ARCIL) having finalised 'In principle' sale of Company's Turbhe unit in accordance with power created under Section 13(4) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). (2) The Board of Directors has approved and taken on record Scheme of Compromise / Arrangement as approved by ARCIL with S