United Phosphorus Ltd has informed BSE that the meeting of the Equity Shareholders of the Company as directed by the Hon’ble High Court of Gujarat at Ahmedabad was convened on March 03, 2008.

Mr. R D Shroff, Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Gujarat High Court dated January 29, 2008. The Scheme of Arrangement (’Scheme’) was approved unanimously by all the Equity Shareholders present either in person or by proxy or as authorized representatives.

The result of the meeting was declared on March 03, 2008. The Scheme of Arrangement between United Phosphorus Ltd and SWAL Corporation Ltd and their respective shareholders shall now be presented for approval and consideration of the Hon’ble High Court of Judicature at Gujarat.