NICCOCORP

Nicco Corporation Ltd has informed the Exchange that October 09, 2006 has been fixed as the "Record Date" for the purpose of Scheme of Arrangement for Re-organisation of Share Capital of Nicco Corporation Ltd. sanctioned by the Hon'ble High Court. The Company has furter informed that, in terms of the said scheme of arrangement, the total number of issued and subscribed Equity Shares in the Company would remain the same but the face value of each share would stand reduced to Rs. 2/- each as on the said record date.

Nicco Corporation Ltd has informed the Exchange that the company has received a letter from The Calcutta Stock Exchange Association Ltd. confirming the Voluntary Delisting of Equity Shares of the company from The Calcutta Stock Exchange Association Ltd.

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on May 31,2006, the following items of business were discussed :- A) Change in Company's Directorate : 1) Mr H Purushotham, Nominee Director of Technology Development Board (TDB), Govt. of India, was appointed as an Additional Director of the Company, with effect from May 31,2006, to hold office until the date of the forthcoming AGM of the Company. 2) Mr Sujit Poddar was appointed as an Additional Director of the Company, with effect from May 31,2006, to hold office upto the date of the next AGM of th

Nicco Corporation Ltd has informed the Exchange that the Listing and Delisting Sub-Committee of the Calcutta Stock Exchange Association Ltd. at its Meeting held on April 13, 2006 has agreed in-principle to grant the delistment of the Equity Shares of the company under SEBI (De-listing of Securities) Guidelines-2003 from the Exchange subject to the approval of the Committee of the Exchange.