The Hindu Business Line :Saturday, July 5, 2008

JB Chemicals & Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2008, inter alia, has reviewed the progress and implementation of buy back of equity shares. Based on the report and consensual views of the Share Buy-back Committee, the Board has decided and approved in the larger interest of both the Company and its shareholders in their entirety the following:1. That the proposal for buy-back as mooted at the Board Meeting held on April 08, 2008, be abandoned for the time being.2. That in any event, no further step or action or initiative be taken until well after the results of Q-1 for the current year 2008-09 have been considered by the Board of Directors and published so that, if any action in carrying forward the foregoing proposal is to be undertaken, the Shareholders are aware of the performance of the Company for Q-1 of the current year 2008-09.

BSE data sourced at 5 minutes delay, Service : BSE - www.bseindia.com

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