PHILCORP

Phil Corporation Ltd has informed the Exchange that : "The Board Meeting was held today, the 26th June 2008 for the purpose of considering the Financial Results. However, in view of the impending hearing of Draft Rehabilitations Scheme (DRS) fixed by BIFR on 23rd July 2008 and the likely implications of the BIFR order on final Accounts for the financial period ended 31st March 2008, the Board considered it appropriate to defer the consideration of Accounts after the date of BIFR hearing on 23rd July 2008. Therefore the Board deferred the consideration of Audited Accounts to the next date which

Phil Corporation Ltd has informed the Exchange that the BOD's at the meeting held on May 31, 2005, did not recommend any payment of dividend for the FY ended March 31, 2005. The Company has further informed that since as of March 31, 2005, the accumulated losses exceed the networth of the Company; the Board has formed an opinion that the Company has become sick company as per the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) and reference be made to BIFR for measures to be adopted by the Company for restructuring. Further, the date of AGM has been fixed on July