NICCOCORP

Nicco Corporation Ltd has informed the Exchange that 1) The Hon'ble High Court at Calcutta vide its order dated August 02,2006 has duly sanctioned the Scheme of Arrangement for Re-Organisation of Share Capital of the company, i.e. Nicco Corporation Limited. A copy of the said order has been filed with the office of the Registrar of Companies, West Bengal under requisite Form no.21. 2) The aforesaid Scheme was unanimously approved by the Shareholders of the company at the High Court Convened EGM held on May 12,2006. 3) In terms of the said Scheme, the following events are taking place :- a) The

Nicco Corporation Ltd had informed the Exchange regarding the Scheme of Arrangement for Reorganisation of the Share Capital of the Company. The company has now informed the Exchange that the Scheme has been duly approved by the Hon'ble High Court at Kolkata. 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.