Bodal Chemicals creditors to approve Scheme of Arrangement

Bodal Chemicals Ltd has informed that pursuant to the Order made by the Honble High Court of Gujarat at Ahmedabad, separate meeting of the secured creditors & unsecured creditors of the Company will be held on December 26, 2007 for the purpose of considering and, if thought fit, approving with or without modification the arrangement embodied in the Scheme of Amalgamation of Milestone Organic Ltd with the Company, proposed by the Company with its Shareholders and Creditors.