NICCO

Nicco Corporation Limited has informed the Exchange that at the meeting of Board of Directors of Nicco Corporation Ltd. held on March 06, 2010, the following item was discussed: The Board considered and approved in principle the entrance into the Scheme of Arrangement ("Scheme") between Nicco Corporation Limited ("NCL") and Nicco Engineering Services Limited ("NESL") subject to approval / consent of Shareholders, Lenders / CDR, Hon'ble High Court and other requisite parties / authorities as may be applicable. The Scheme contains a basic proposal for the amount of Rs 177.84 Lacs due to NESL fro

Nicco Corporation Limited has informed the Exchange that the "The Scheme of Arrangement between Nicco Corporation Limited and Nicco Cables Limited for the transfer of the Cables Division of the Company to Nicco Cables Limited has been duly approved by the Hon'ble High Court at Kolkata on June 30, 2008. The Scheme comes into effect only after filing of the Certified Copy of the Order of the Hon'ble High Court with the office of the Registrar of Companies, Kolkata".

Nicco Corporation Limited has informed the Exchange that at the respective Meetings of the Preference Shareholders and the Equity Shareholders of the Company held on March 14, 2008 for the approval of a Scheme of Arrangement as proposed by the Company for the transfer of its Cables Division to Nicco Cables Limited, the Shareholders have, by requisite majority approved the said Scheme.