IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1391 OF 2008 In the matter of the Companies Act, 1956; AND In the matter of Section 78 & 100 to 104 of the Companies Act, 1956; AND In the matter of Reduction of Share Capital of SG Chemicals And Dyes Trading Limited SG Chemicals And Dyes Trading ) Limited, a Company incorporated ) under the Companies Act, 1956, ) having its Registered Office at Essar ) House,11 Keshavrao Khadye Marg, ) Mahalaxmi, Mumbai 400034, ) Maharashtra. ) …Applicant Company Called for Summons for Direction Coram: S. A. Bobde, J. Date: 26th September, 2008 Mr. Amish Shroff i/b Rajani Associates, Advocate for Applicant 2 MINUTES OF THE ORDER UPON THE APPLICATION of the above named Applicant Company by a summons for direction AND UPON HEARING Mr. Amish Shroff of M/s. Rajani Associates, Advocates for the Applicant Company AND UPON READING the affidavit dated 15th September, 2008 of Mr. R Vijay, Authorised Signatory of the Applicant Company and the Applicant Company having passed a Special Resolution at the General Meeting of its Equity Shareholders held on 31st day of July, 2008 AND in view of the averments made in paragraphs 18 to 20 of the said affidavit that the reduction of Securities Premium does not involve either the diminution of any liability in respect of unpaid capital or payment to any shareholders of any paid-up capital, the provisions of and the procedure prescribed under Section 101(2) of the Companies Act, 1956 are not applicable and the same is hereby dispensed with. COMPANY JUDGE