Ballarpur Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 01, 2012 interalia, have: (1) Deliberated upon the business/growth proposals of the Company and thereupon constituted a Committee of Directors and authorised it to explore, examine and finalize internal restructuring of manufacturing assets, including power assets. Further, such Committee of Directors has also been authorised to appoint any Consultants, Lawyers, intermediaries and Financial Advisors, if required, for such purpose and obtain all and/or any applicable approval(s) in this connection.