BLOWPLAST

Blow Plast Ltd has informed the Exchange that: "(1) The final hearing in respect of the Company Petition filed by the Company for seeking sanction of the subject Scheme was held on 12th January, 2007. At the said hearing the Hon�ble High Court of Judicature of Bombay at Mumbai has sanctioned the Scheme of Amalgamation and Arrangement between Blow Plast Ltd and V.I.P. Industries Ltd. pursuant to which, inter-alia Blow Plast Ltd. would be amalgamated with V.I.P. Industries Ltd. (2) Under the Scheme one equity share of V.I.P. Industries Ltd. would be issued and allotted against every one equity s

Blow Plast Ltd has informed the Exchange that at the meeting of the Board of Directors held on May 12, 2006 the Board has: a) Considered the Report submitted by M/s. PricewaterhouseCoopers Pvt. Ltd. and M/s. Chhotalal H. Shah in the context of the subject matter. b) Considered and approved the draft of the Scheme of Amalgamation for the proposed merger of the company with V.I.P. Industries Ltd. pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956, and other applicable provisions. c) Approved that under the proposed Scheme of Amalgamation, 1 (One) fully paid up equity sh

Blow Plast Ltd had informed the Exchange that the BoDs of the COmpany had constituted a Committee of Directors for considering different matters in relation to the proposed merger of the Company with M/s. VIP Industries Ltd. In this regard the Company has now informed that, the said Committee of Directors has since considered and appointed M/s. Price Waterhouse Coopers Pvt. Ltd. and M/s. Chhotalal H. Shah & Co. Chartered Accountants, as valuers to undertake valuation of the equity shares of the company in the context of the proposed merger of the Company with M/s. VIP Industries Ltd.