BLOWPLAST

Members of the Exchange are hereby informed that the trading in equity shares of Blow Plast Ltd. shall be suspended w.e.f. February 20, 2007 (i.e. closing hours of trading on February 19, 2007) on account of Scheme of Amalgamation and Arrangement between Blow Plast Ltd. and V.I.P. Industries Ltd.

Vip Industries Ltd. has informed the Exchange that: "Tuesday, February 27, 2007 has been fixed as the Record Date for determining the shareholders of Blow Plast Limited who shall be entitled to the equity shares of V.I.P. Industries Limited as per the Scheme of Amalgamation and Arrangement between V.I.P. Industries Limited and Blow Plast Limited".

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 Mr. Gurmeet Singh Mission has been appointed as the Assistant Company Secretary of the Company with effect from November 1, 2006. The Company further informed that Mr. Gurmeet Singh Mission has been appointed as the Compliance Officer of the Copmpany.

Blow Plast Ltd has informed the Exchange that the Company has announced the Book Closure from September 12, 2006 to September 22, 2006 (both days inclusive) for the purpose of AGM and Payment of Dividend @ Rs.2.00 per share.

Blow Plast Ltd has informed the Exchange that Ms. Smita Kulkarni, Assistant Manager - Secretarial has been appointed as Compliance Officer of the Company with effect from February 01, 2006.

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 has informed the Exchange that the Board of Directors of the Company at its meeting held on April 25, 2006,has recommended a dividend of Rs 2/- per share for the financial year 2005-06.

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.

Blow Plast Ltd has informed the Exchange that DGP Securities Limited has acquired 3,79,800 shares aggregating to 2.37% of the total paid up capital of Blow Plast Limited. The mode of acquisition is market purchase and the shareholding of DGP Securities Limited after the said acquisition is 76,76,465 shares aggregating to 47.97% of the total paid up capital of Blow Plast Limited.

DGP Securities Limited has informed the Exchange that they have acquired 3,79,800 shares aggregating to 2.37% of the total paid up capital of Blow Plast Limited during the period March 21, 2006 to March 29, 2006. The mode of acquisition is through Market Purchase and the shareholding of DGP securities Limited after the said acquisition is 76,76,465 shares aggregating to 47.97% of the total paid up capital of Blow Plast Limited.

Blow Plast Ltd has informed the Exchange that at the meeting of the Board of Directors held on March 09, 2006, the Board has constituted a Committee of Directors to :- a) evaluate and recommend whether a merger of the Company with VIP Industries Ltd. would be feasible and in the best interest of all concerned. b) appoint independent Valuers for ascertaining the valuation of the Companies and to recommend the Share Exchange Ratio in the matter. c) seek advice from such professionals or counsel and / or to otherwise do all activities as may be required to effectively evaluate the proposal. d) co

Blow Plast Ltd has informed the Exchange that Mr. Sudhir Jatia, Managing Director, has acquired 800000 shares of Blow Plast Ltd on January 27, 2006. The mode of acquisition is Allotment pursuant to exercise of Option under the Employee Stock Option Scheme - 2004 and the shareholding of Mr.Sudhir Jatia after the said acquisition is 833461 shares aggregating to 4.96% of the paid up equity share capital of Blow Plast Ltd.

Blow Plast Ltd has informed the Exchange that at the meeting of the Board of Directors held on January 27, 2006, the Board had accepted and taken on record the resignation of Mr. Milind Puranik, Company secretary of the Company.

Blow Plast Ltd has informed the Exchange that the Company has allotted 8,00,000 (Eight Lacs) equity shares of Rs.10/- each to Mr. Sudhir Jatia, Managing Director of the Company, pursuant to the exercise by him of options vested under the Company's Employee Stock Option Scheme - 2004.

Blow Plast Ltd has informed the Exchange that Mr. K. C. Gupte, Executive Director - Finance, has submitted his resignation from the services of the Company and accordingly, Mr. Gupte will cease to be a Director of the Company w.e.f. April 01, 2006.

Blow Plast Ltd has informed the Exchange that Mr. V.S. Mani has been appointed as the Chief Financial Officer of the Company.