With reference to earlier announcement regarding Board Meeting on February 12, 2010 to consider the revised un-audited financial results for the quarter ended December 31, 2009, Allied Resins & Chemicals Ltd has now informed BSE that the followings amount will be considered for being written off in the December 2009 quarterly results:

Equipment Finance Loan from West Bengal Industrial Development Corp. Ltd.:

- Principal amount : Rs. 82,00,000
- Interest : Rs. 13,52,56,751

(As per Order of Hon'ble High Court at Calcutta Under section 391 (1) of the
Companies Act, 1956 dated February 13, 2009.

- Total Amount written Off: Rs. 14,34,56,751

These figures will be considered in the revised un audited financial results for the December 2009 quarter.