IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.713 OF 2009 In the matter of the Companies Act, 1956; And In the matter of Sections 78 and 100 to 104 of the Companies Act, 1956; And In the matter of reduction of Capital Reserve Account, Amalgamation Reserve Account and Securities Premium Account of Thirumalai Chemicals Limited. And In the matter of Thirumalai Chemicals Limited. Thirumalai Chemicals Limited. ) a Company incorporated and registered ) under the Companies Act, 1956 and ) having its registered office at ) Thirumalai House, Plot No. 101/102, ) Road No. 29, Near Sion Hill Fort, ) Sion [East], Mumbai – 400 022 ) ..Applicant Company Called for Summons for Direction CORAM: A. M. Khanwilkar J. DATE: 3rd July, 2009 Mr. Swapnil Bangur i/b M/s. Deven Dwarkadas & Partners for Applicant. MINUTES OF THE ORDER UPON THE APPLICATION of the above named Applicant Company by a Summons for Direction AND UPON HEARING Mr. Swapnil Bangur instructed by M/s Deven Dwarkadas & Partners of the Applicant Company AND UPON reading the Affidavit dated 11th May, 2009 of Mr. Narendra Rahalkar, Company Secretary of the Applicant Company in support of the Summons for Directions AND the Applicant Company having passed a Special Resolution at the Extra Ordinary General Meeting of the Equity Shareholders of the Applicant Company held on 12th March, 2009 and in view of the averments made in paragraph 17 and 19 of the said Affidavit that the reduction of share capital does not involve either diminution of any liability in respect of unpaid share capital or payment to any shareholder of any paid up share capital of the Applicant Company, the provisions of and the procedure prescribed under section 101(2) of the Companies Act, 1956 is not applicable and the same is dispensed with. COMPANY JUDGE