Orient Abrasives Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2010, approved a scheme of demerger of the refractory business of the Company situated at RIICO Industrial Area, Bhiwadi, Alwar, Rajasthan from the other businesses i.e. abrasives grains division and power division of Orient Abrasives Ltd. A Wholly owned subsidiary public limited Company of Orient Abrasives Ltd., named Orient Refractories Ltd. has been incorporated for this purpose. Orient Abrasives Ltd. has been allotted 199400 equity shares of Re. 1 each by Orient Refractories Ltd. on December 08, 2010, as subscriber to the Memorandum and Articles of Association. The refractory business is proposed to be demerged into the said new Company. The appointed date of the Scheme is April 01, 2011 subject to the approval of the Hon'ble High Court, Delhi and other concerned authorities. On the scheme being effective, inter alia, one equity share of Re. 1 each of Orient Refractories Ltd. shall be issued for every equity share of Re. 1 each of Orient Abrasives Ltd. held by its shareholders. Orient Abrasives Ltd has informed BSE that pursuant to the proposed scheme of De-merger between Orient Abrasives Ltd. and Orient Refractories Ltd., the Hon'ble High Court of Delhi kindly passed an order dated January 11, 2011 directing to convene separate meetings of the equity shareholders, secured creditors and unsecured creditors of Orient Abrasives Limited, the transferor Company on February 26, 2011. (As Per BSE Announcement Website dated on 15.01.2011) Orient Abrasives Ltd has informed BSE that at the separate meetings of the equity shareholders, secured creditors and un-secured creditors held on February 26, 2011, the scheme of demerger between Orient Abrasives Limited and Orient Reftactoriers Limited was approved at the respective meetings with the requisite majority. The reports are being signed by the respective chairman & shall be filed with the honourable High Court of Delhi. (As Per BSE Announcement Dated on 07.03.2011) Orient Abrasives Ltd has informed BSE that the Hon'ble High Court of Delhi was, in a hearing held on September 19, 2011, pleased to approve the Scheme of Demerger between Orient Abrasives Limited and Orient Refractories Limited. The appointed date of the scheme is April 01, 2011. (As Per BSE Announcement Dated on 19.09.2011) Orient Abrasives Ltd has informed BSE that the Company has fixed November 14, 2011 as the Record Date for the purpose of determining the entitlement of the equity shareholders of Orient Abrasives Ltd. (Demerged Company) to receive one fully paid-up equity share of Re. 1/- each of Orient Refractories Limited (Resulting Company) for every one equity share of Re. 1/- each fully paid-up held by them in Orient Abrasives Ltd as on the Record Date, pursuant to the Scheme of Demerger approved by the Hon'ble High Court of New Delhi in the hearing held on September 19, 2011. Further the company has submitted a copy of 'Note on the Scheme of Demerger'. (As Per BSE Announcement Website dated on 03.11.2011) SUB. :- Scheme of Arrangement of Orient Abrasives Ltd. (Scrip Code 504879) Trading Members of the Exchange are hereby informed that, Orient Abrasives Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement of the Company. COMPANY NAME CODE Orient Abrasives Ltd. (504879) RECORD DATE 14.11.2011 PURPOSE Scheme of Arrangement: - Demerger of Refractory Undertaking of Orient Abrasives Ltd into Orient Refractories Ltd. In consideration of the transfer of the Refractory Undertaking by Orient Abrasives Ltd to Orient Refractories Ltd in terms of this Scheme, Orient Refractories Ltd. shall issue and allot to the shareholders of Orient Abrasives Ltd., in the ratio of 1 (ONE) equity share of Re.1/- each fully paid up of Orient Refractories Ltd. for every 1 (ONE) equity share of Re.1/- each fully paid up held in Orient Abrasives Ltd. EX-ENTITLEMENT FROMDATE & SETT. NO. 11/11/2011 DR-153/2011- 2012 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2. 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be under T' group with effect from November 11, 2011. (As Per BSE Notice Dated on 04.11.2011) Trading members of the Exchange are hereby informed that the under mentioned securities of Orient Refractories Limited are listed and permitted for trading on the Exchange with effect from Friday, March 09, 2012. Name of the Company : Orient Refractories Ltd. (ORL) Registered Office : 1307, Chiranjiv Tower, 43 Nehru Place, New Delhi - 110019 Tel. Nos: 91 11 46425400 Fax No.: 011 - 26443859, 46425444 Website: www.orientrefractories.com Compliance Officer : Mr. Manoj Gupta Compliance Officer Tel. Nos: 01493-222266/67 Fax No.: 01493-222269 E-mail : mkgupta@orlindia.com Securities : 12,01,39,200Equity shares of Re.1/- each fully paid-up issued pursuant to the scheme of arrangement of the company. Distinctive numbers : 1 - 120139200 Scrip Code : 534076 Group : T Market Lot : 1 Face Value & Paid up value : Re.1/- each fully paid Scrip ID on BOLT System : ORIENTREF Abbreviated name on BOLT : ORIENT REF ISIN No. : INE743M01012 2. The brief particulars of the Scheme of Arrangement are as mentioned below: a) The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Delhi vide its Order dated September 19, 2011. b) Appointed Date: April 1, 2011 c) Effective date: October 31, 2011 d) Date of Allotment: November 15, 2011 e) Pursuant to the scheme, the 'Refractory Undertaking' of Orient Abrasives Limited (OAL) was demerged into Orient Refractories Limited (ORL) and in consideration thereof ORL has issued and allotted 1 (one) equity share of Re.1/- each fully paid up for every 1 (one) equity share of Re.1/- each held in OAL as on the Record Date. f) The issued, subscribed and paid-up equity capital of the company post arrangement is Rs.1201.39200 lacs consisting of 12,01,39,200 equity shares of Re.1/- each. 3. As per Exchange Notice No. 20120306- dated March 06, 2012 OAL has fixed Record Date as November 14, 2011 for giving effect to the scheme of arrangement. Accordingly dealing in the securities of OAL was done on Ex-entitlement basis w.e.f. November 13, 2011. Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on March 09, 2012. 4. The Information Memorandum containing all the information about the company can be viewed at http://www.bseindia.com/ipo/schema.asp or on the Company's Website on :www.orientrefractories.com 5. The name and address of the registrar and share transfer agent of the company is as mentioned below: SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla ind Area Phase 1, New Delhi 110020 Tel: 011 - 30857575 Fax: 011- 30857562 Email: - admin@sylinerta.com Website: www.skylinerta.com Contact Person: Mr.Virender Rana 6. The Company's Financial Year ends on 31st March. 7. The shareholding pattern of the company post scheme of arrangement is enclosed as Annexure I. (As Per BSE Notice dated on 06.03.2012)