NICCOCORP

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on March 01, 2006 the following items of business were discussed :- (1) The Board considered and approved the Scheme of Arrangement for re-organisation of the Share Capital of Nicco Corporation Limited in line with CDR package. (2) In line with the terms of the CDR package, the Board also considered and decided to convene an EGM of the Company on March 27, 2006 to consider, inter alia, the following matters :- (a) Increase of Authorised Share Capital of the Company from Rs.69,00,00,000/- to Rs. 89,00

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on July 06, 2005, the following items of business were discussed: 1) The Board considered and approved the revised Restructuring package, as approved by the CDR Empowered Group, at its Meeting held on May 30, 2005. 2) The Board considered and approved a proposal to increase the Equity Authorised Share Capital of the Company by Rs.9.00 crores at the next AGM of the Company, in accordance with the Restructuring package approved by CDR. 3) The Company considered and approved draft resolution u/s 81(1A) o

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on May 27, 2005, the following items of business were discussed:- 1) The Directors allotted 23,00,000 Equity Shares of Rs.10/- each at par to Nicco Restructuring Employees Trust Fund, in accordance with the terms of the Restructuring Plan, as already approved by Corporate Debt Restructuring (CDR) Cell. 2) Re-appointment of Mr. Udayan Ray, for a period of 2 years with effect from September 01, 2005, on the existing terms and conditions as Director (Finance) & CFO of the Company, was approved subject to

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on February 23, 2005, the following items of business were discussed: 1) The Directors allotted 2,35,000 equity shares of Rs.10/- each at par to Nicco Restructuring Employees Trust Fund, in accordance with the terms of the Restructuring Plan, as already approved by Corporate Debt Restructuring (CDR) Cell. 2) The Directors discussed, in principle, a proposal regarding manufacture of XLPE Cables through SIOPLAS method, which is expected to result in a saving in costs to the Company.