NICCOCORP

Nicco Corporation Ltd has informed the Exchange that as the company will be in a position to publish the Audited Financial Results of the Company for the Quarter and Half-Year ended September 30,2006, within a period of 2 months of the close of the Quarter i.e. by November 30,2006, the company would not be publishing in the interim period, the Unaudited Results of the Company for the Quarter from July 01,2006 to September 30,2006. The company has further informed the Exchange that a Meeting of the Board of Directors of the Company will be held in the last week of October, 2006, inter alia, to

Members of the Exchange are hereby informed that the trading in equity shares of Nicco Corporation Ltd. shall be suspended w.e.f. September 29, 2006 (i.e. closing hours of trading on September 28, 2006) on account of Scheme of Arrangement for Re-Organisation of Share Capital.

Nicco Corporation Ltd has informed the Exchange that the Committee of Directors of the Company has on September 25, 2006 allotted 90,90,909 6% Optionally Convertible Cumulative Preference Shares of Rs 22/- each to six strategic Investors in accordance with the Scheme of Arrangement for Re-Organisation of the Share Capital of the Company as approved by the Hon'ble High Court at Kolkata.

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 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 has submitted to the Exchange a copy of the Minutes of the proceedings of the Annual General Meeting of the Company held on August 09, 2006. The copy of the minutes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Nicco Corporation Ltd has informed the Exchange that at the AGM of the Company held on August 09,2006, the Shareholders approved the following issue of business :- 1) (a) Re-appointment of Mr Udayan Ray as a Director liable to retire by rotation. (b) Re-appointment of Dr L R Vaidyanath as a Director liable to retire by rotation. (c) Re-appointment of Mr D N Bhattacharjee as a Director liable to retire by rotation. 2) Re-appointment of M/s G Basu & Co., Chartered Accountants, Kolkata, as Auditors of the Company for 2006-07. Special Business - 3) Appointment of Mr H Purushotham as a Director lia

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.

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 as the company will be in a position to publish the Audited Financial Results of the Company for the Quarter ended on June 30,2006, within a period of 2 months of the close of the Financial Year i.e. by August 31,2006,the company would not be publishing in the interim period, the Unaudited Results of the Company for the Quarter from April 01,2006 to June 30,2006.

Nicco Corporation Ltd has submitted to the Exchange a copy of the Notice of Hearing of Petition u/s 391 (2) and 394 of the Companies Act, 1956 for confirmation of a Scheme of Arrangement for re-organization of Share Capital of Nicco Corporation Limited published in the newspaper. A notice published in the newspaper shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

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 Board of Directors of the Company have made the following changes in the Compensation and Remuneration Committee of Directors at its meeting held on May 31, 2006 :- 1) Mr. Sujit Poddar has joined as an Additional Member of the Committee; 2) Mr. Rajive Kaul has resigned as a Member of the Committee; and 3) The reconstituted Compensation and Remuneration Committee of Directors now consists of :- a) Mr. Narottam Das - Chairman; b) Mr. Prabir Chakravarti - Member; c) Dr. L R Vaidyanath - Member; and d) Mr. Sujit Poddar - Member.

Nicco Corporation Ltd has informed the Exchange that Nicco Restructuring Employees Trust Fund has sold 281390 shares aggregating to 0.64% of the total share capital of Nicco Corporation Limited.The shareholding of Nicco Restructuring Employees Trust Fund after the said sale is 2318610 shares aggregating to 5.29% of the total share capital of Nicco Corporation Limited.

Nicco Corporation Ltd has submitted to the Exchange a copy of the Minutes of the Proceedings of the Court Convened Meeting of the Preference Shareholders of the Company, held on May 12, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Nicco Corporation Ltd has informed the Exchange that at the Court Convened Meeting of the Preference and Equity shareholders of Nicco Corporation Ltd; held on May 12, 2006 at 10.00 am and 10.30 am, respectively, the Members unanimously passed a resolution approving the Scheme of Arrangement for Reorganization of Share Capital of Nicco Corporation Ltd; as placed before the Meeting and initialled by the Chairperson for the purpose of identification, with the following modifications - (a) The words "Omsa Capital Advisors Private Limited" and "Isha Securities Limited", as appearing in Clause 6 (i

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.

Nicco Corporation Ltd has submitted to the Exchange a copy of the notice of the court convened EGM to the Preference and Equity Shareholders of the Company to be held on May 12, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Nicco Corporation Ltd has submitted to the Exchange a copy of the proceedings of the EGM of the Company held on March 27, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Nicco Corporation Ltd has submitted to the Exchange the results of the Postal Ballot taken as per notice dated March 01, 2006 of the company. All the resolution were passed with requisite majority. The results of the postal ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Nicco Corporation Ltd has informed the Exchange that at the EGM of the Company held on March 27,2006, the Shareholders approved the following items of Business by Special Resolution : 1. Increase of Authorised Capital from Rs 69,00,00,000/- to Rs 89,00,00,020/-. The resolution was passed with requisite majority. 2. Authorised the Board of Directors to issue, by way of Preferential Allotment, 57,25,616 Optionally Convertible Cumulative Preference Shares (OCCPS) of Nicco Corporation Limited of Rs. 22/- each, aggregating to Rs.12,59,63,552/-, for cash, at a price of Rs 22/- per OCCPS (instead of

Nicco Corporation Ltd has informed the Exchange that pursuant to Section 192-A of the Companies Act, 1956 read with the Companies (Passing of Postal Ballot) Rules, 2001 the Company the following resolution are proposed to be passed by Postal Ballot (1) Ordinary Resolution under Section 293(1)(a) of the Companies Act, 1956 for selling and transferring (a) Land and Infrastructure of Telelink Unit at Kalyani to Nicco Biotech Ltd. for a total consideration of Rs.12.70 crores(b) Surplus machinery of Telelink Unit at Kalyani to NE Cables Ltd for a total consideration of Rs.7.31 crores. (2) Special

Nicco Corporation Ltd has submitted to the Exchange a copy of the EGM of the Members of the Company to be held on March 27, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

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 the Specified Undertaking of the Unit Trust of India has during the period May 2004 to June 2005 sold 3324012 shares constituting 9.04% of the capital of Nicco Corporation Ltd. The shareholding of the Specified Undertaking of the Unit Trust of India after the said sale is Nil shares of Nicco Corporation Ltd..

Nicco Corporation Ltd has submitted to the Exchange a copy of the Minutes of the Proceedings of the AGM of the Company held on August 09, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Nicco Corporation Ltd has informed the Exchange that : (I)At the AGM of the Company held on August 09, 2005, the Shareholders approved the following items of Sprecial Business: (1) Re-appointment of and payment of remuneration to Mr. Udayan Ray as Director (Finance) & CFO for a period of 2 years w.e.f. September 01, 2005. (2) Increase in Authorised Capital from Rs. 60.00 crores to Rs. 69.00 crores. (3) Authorised the BODs to issue and allot up to 61,64,383 Equity Shares of the Company @ Rs.14.60 per share to Asset Reconstruction Company (India) Limited upon conversion of secured loan of Rs. 9.

Nicco Corporation Ltd has informed the Exchange that in terms of the Special Resolution passed by the Shareholders at the AGM of the Company held on August 09, 2005 in accordance with the provisions of section 81(1A) of the Companies Act, 1956, the Committee of Directors has allotted 61,64,383 Equity Shares of Rs.10/- each @ Rs.14.60 per share on August 10, 2005, upon conversion of secured loan of approximately Rs.9.00 crores, payable by the Company to the said Asset Reconstruction Company (India) Limited.

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 Mr. Gopal Krishna, Nominee of WBIDC Ltd. has resigned from the Board of the Company with effect from June 20, 2005.

Nicco Corporation Ltd has informed the Exchange that Nicco Restructuring Employees Trust Fund has acquired 2300000 shares aggregating to 0.56% of the total share capital of Nicco Corporation Limited. The mode of acquisition is through Allotment of shares by Company and the shareholding of Nicco Restructuring Employees Trust Fund after the said acquisition is 3000000 shares aggregating to 7.97% of the total share capital of Nicco Corporation Limited.

Nicco Corporation Ltd has submitted the Exchange a copy of the Minutes of the EGM of the Company, held on May 27, 2005. A copy of the EGM Minutes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Nicco Corporation Ltd had informed the Exchange that the EGM of the Members of the Company was to be held on May 27, 2005. The purpose of the EGM was to : 1) consider, inter alia, the Re-appointment of and payment of remuneration to Mr. Sanjoy Bhattacharya; and 2) to re-appoint M/s. G Basu & Co., Chartered Accountants, as Statutory Auditors of the Company. The Company has now further informed that in respect of item no.2, a poll was held on the same date on a demand by a Member holding the requisite number of shares and the resolution was passed with requisite majority.

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 vide Resolution by Circulation passed by the Board of Directors of the Company, the following items of business have been decided upon: a) An Extra-Ordinary General Meeting of the Company has been decided to be held on May 27, 2005, to consider, inter alia, the Re-appointment of and payment of remuneration to Mr. Sanjoy Bhattacharya.

Nicco Corporation Ltd has informed the Exchange that Nicco Restructuring Employees Trust Fund has acquired 1,55,000 shares representing 0.39% of the share capital of Nicco Corporation Limited. The mode of acquisition is allotment of shares by the company and the shareholding of Nicco Restructuring Employees Trust Fund after the said acquisition is 25,35,000 shares representing 6.82% of the share capital of the Company.

Nicco Corporation Ltd has informed the Exchange that Nicco Restructuring Employees Trust Fund has acquired 2,35,000 shares representing 0.59% of the share capital of Nicco Corporation Limited. The mode of acquisition is allotment of shares by the company and the shareholding of Nicco Restructuring Employees Trust Fund after the said acquisition is 27,70,000 shares representing 7.41% of the share capital of the Company.

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.

Nicco Corporation Ltd has informed the Exchange that at the Board Meeting of the Company held on November 27,2004,the following items of business were discussed:1)The Directors allotted 1,55,000 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 transfer of Nicco Corporation Limited(NCL)-Project Division to Nicco Engineering Services Limited, a wholly owned subsidiary of NCL.3)With a

Nicco Corporation Ltd has informed the Exchange that Nicco Restructuring Employees Trust Fund has acquired 1,50,000 shares representing 0.38% of the share capital of Nicco Corporation Limited. Mode of acquisition is allotment of shares by the company and the shareholding of Nicco Restructuring Employees Trust Fund after the said acquisition is 23,80,000 shares representing 6.43% of the voting rights of the company.

Nicco Corporation Ltd has informed the Exchange of the agreement between Nicco Corporation Limited and the Bose Institute, signed on October 06, 2004 in the presence of Sri Nirupam Sen, Hon'ble Minister-in-charge, Department of Commerce & Industries, Government of West Bengal who is also the Chairman of The West Bengal Council of Bio-Technology. The details of the press release titled 'NICCO to set up a Bio-Tech Life Science Project at Kalyani' shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateA

Nicco Corporation Ltd has informed the Exchange that at the AGM of the company held on September 23, 2004, the shareholders have approved the appointment of Dr A K Sood as a Director of the Company as a Nominee of Technology Development Board (TDB).

News Verification : The press had reports on November 11, 2003 that Nicco Corporation Limited has bagged orders under United Nations aid programme for reconstructing oil storage tanks at Basra in Iraq. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Nicco Corporation Limited has vide its letter inter-alia stated, "This is to inform you that Nicco Corporation Limited (NCL) has received a contract (Contract No. SRC