Bse Special Situations 19th June 2008

19 June 2008

JBF Industries equity shareholders to approve Scheme of Arrangement JBF Industries Ltd has informed BSE that pursuant to Order made on the June 13, 2008 the High Court of Judicature at Bombay has directed that a meeting of the equity shareholders of the Company will be held on July 15, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the arrangement embodied in the Scheme of Arrangement between the Company and Microsynth Fabrics (India) Ltd.

Textile business – tough one. Closed. 19 June 2008

Oscar Investments - Outcome of Board Meeting Oscar Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2008, has approved the Scheme of De-Merger of investment & trading business of the Company with ANR Securities Pvt. Ltd. Further M/s. ANR Securities Pvt Ltd is in process to change the status from Private Ltd to Public Ltd Company.

Investing and trading – I see know logic for this demerger. Closed.

19 June 2008

Southern Online - Board Meeting on Jun 30, 2008 Southern Online Bio Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, inter alia, to consider the following: 1. Declaration of Audited Financial Results for the Financial Year ended March 31, 2008. 2. Increase in Remuneration of Whole Time Directors. 3. Consideration of the proposal of Demerger. 4. Issue of Equity Shares on Preferential basis.

Interesting - QAD 19 June 2008

Cadila Healthcare - Updates Cadila Healthcare Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 17, 2008, had taken in-principle decision to transfer Cadila's Consumer Products Division ("CPD") into Carnation Nutra Analogue Foods Ltd ("Carnation"), 61.56% subsidiary of the Cadila. While the Board of Cadila has in-principle agreed to the above restructuring, it had requested the promoters of Cadila to consider restructuring of their shareholding in Cadila and take appropriate steps so as to ensure that Carnation continues to remain listed subsidiary of Cadila. Considering the request of the Board, the overall interest of Cadila and its shareholders at large and to facilitate Cadila retain its control over Carnation and ensure that Carnation remains a subsidiary of Cadila after restructuring of the consumer health business as aforesaid, the Promoters of Cadila have agreed

- to be part of the scheme for transfer of Cadila's CPD Into Carnation which may be finalized and approved by the Board of Cadila and - to facilitate the above, transfer 90,000,000 shares out of the existing holding of 90,442,850 equity shares of the promoters in Cadila to Zydus Hospitals and Medical Research Pvt Ltd, which is also owned by Zydus Family Trust, subject to the applicable regulations and compliances of the SEBI (SAST) Regulations, 1997 and any other relevant provisions of the law.

Interesting - QAD 19 June 2008

Adf Foods - Updates Adf Foods Ltd has informed BSE that about the following in respect of the Company's factory located at Sinnar, Maharashtra: "There has been labour unrest in the Company's factory at Sinnar since June 08, 2008 due to which some workers were suspended on June 09, 2008. The production was temporarily suspended and the management was negotiating with the workers' representative to reach an amicable solution. Since no amicable / mutually acceptable solution could be reached, the management has lodged a

complaint today (i.e. on June 19, 2008) with the Hon'ble Industrial Court at Nashik under the provisions of Maharashtra Recognition of Trade Union and Prevention of Unfair Labour Practices Act, 1971."

Portfolio stock