Southern Online - Updates

Southern Online Bio Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2007, has considered the proposal of demerger of the Company and has decided to appoint a consultant to work out and advise the Company on the feasibility and modality of demerger. The Board will decide on demerger, only after considering the report of the Consultant and various other factors. Subsequently based on merits of the report appropriate procedure shall be followed as applicable.

So, the Board has not finally decided to demerge the Company. It will be decided, whether to go for demerger or not, after it considers the report of the consultant.

Hence, as of now the Company has neither prepared any Scheme of Amalgamation nor made any application to the Court for demerger.