IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1520 OF 2008 In the matter of the Companies Act 1 of 1956) ; AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of Scheme of Arrangement between The Godavari Sugar Mills Limited and Godavari Biorefineries Limited. GODAVARI BIOREFINERIES LIMITED, ) a company incorporated under the Indian ) Companies Act, 1913 having its Registered ) Office at Fazalbhoy Building, 45/47, ) M. G. Road, Fort, Mumbai - 400 001 ) ..Applicant Company Called for Summons for Direction Coram: A. M. Khanwilkar, J Date: 14 th November, 2008 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., for the Applicant MINUTES OF THE ORDER UPON the application of the Applicant Company abovenamed by a Summons for Directions AND UPON HEARING M/s. Rajesh Shah instructed by Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 20th day of 1 October, 2008 of Mr. N.S. Khetan, Authorised Signatory of the Applicant Company, in support of the Summons for Directions IT IS ORDERED: 1. That the convening and holding the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Arrangement between THE GODAVARI SUGAR MILLS LIMITED, the Transferor Company with GODAVARI BIOREFINERIES LIMITED, the Applicant / Transferee Company is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits “F-1” to “F-8” to the affidavit dated 20th October, 2008 of Mr. N.S. Khetan, Authorised Signatory of the Applicant company in support of the Summons for Direction. 2. There are no Secured and Unsecured Creditors of the Applicant Company as mentioned in paragraph 15 of the Affidavit in support of Summons for Directions, hence, the question of convening and holding the meetings of Secured and Unsecured Creditors does not arise. COMPANY JUDGE 2