Southern Online Bio Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 05, 2013, have considered to approach the Corporate Debt Restructuring mechanism for restructuring Companys account with the reference and support from Lead Banker i.e. Bank of India for the betterment of its business. As the entire consortium Banks in their last consortium meeting held on May 10, 2013 opinioned to refer Companys account to CDR for restructuring.