Inter alia, has subject to shareholders' approval by way of postal ballot, decided the following: 1. To transfer the business division of the Company relating to Packaging Business comprising of the products Aluminium Collapsible Tubes, Plastic Closures, Swage Seals, Hycrown Seals, P P Caps subject to the satisfaction of certain conditions to its subsidiary Oricon Packaging Pvt Ltd (OPPL). The Company has informed that the members of the Company will consider to approve the following resolutions, by way of Postal Ballot : 1. To sell, transfer and / or otherwise disposed off the packaging business of the Company comprising of manufacturing and sale of the products namely Aluminium Collapsible Tubes, Plastic Closures, Swage Seals, Hycrown Seals and P P caps, together with the infrastructure facilities, auxiliaries and utilities attached thereto (Packaging Division) situated at MIDC Murbad Dist. Thane, Maharashtra and Kundlam Industrial Estate, Kundlam Goa to Oricon Pakaging Pvt Ltd, on such terms and conditions w.e.f. such date(s) and in such manner as the Board may think fit and proper. 2. To change the name of Company from "Oriental Containers Ltd" to "Oricon Enterprises Ltd" and accordingly amendments be made in the Memorandum and Articles of the Company and incidental documents, names plates etc. consequent upon the new name of the Company becoming effective. The Board of Directors of the Company has appointed Mr. Narayan Parekh Partner of M/s. PRS associates, Practising Company Secretaries Mumbai, as Scrutiniser to conduct Postal Ballot process in a fair and transparent manner. The Postal Ballot form duly completed should reach the Scrutinizer on or before close of the working hours on April 10, 2006. The Scrutinizer will submit his report to the Chairman of the Company after completion of the scrutiny and the results of Postal Ballot will be announced by the Chairman on April 15, 2006. (As per BSE Bulletin dated on 07/03/2006) The company has informed that the Members of the Company, by way of Postal ballot have passed the following Resolutions by requisite majority: 1. Ordinary Resolution under section 293(1)(a) of the Companies Act 1956 to sell / transfer company's packaging business. (As per BSE Bulletin dated 17/04/2006) Pursuant to the Board resolution passed at the Board meeting held on February 25, 2006 and the approval of members by way of postal ballot, the Company has transferred its packaging business comprising of the products Aluminum Collapsible Tubes, Plastic Closures, Swage Seals, Hycrown Seals, PP caps to its subsidiary Oricon Packaging Ltd w.e.f. May 02, 2006. Further the Company has informed that the name of the Company has changed from Oriental Containers Ltd to Oricon Enterprises Ltd w.e.f. May 02, 2006. (As per BSE Bulletin dated on 03/05/2006)