Board has considered and in principle approved the proposed merger of Scientific Vaccum Coating Pvt Ltd with the Company and demerger of Finance, Investment and Property Division of the Company into National Cotton Products Pvt Ltd. The Board has authorised the Managing Director to decide and appoint the valuers for valuation of business and submit the report on the share swap ratio for merger and demerger of the Company. Further the Company has informed that Shri U M Kini has resigned as Director form Board of the Company and has been accepted by the Board of Directors has approved the following : 1. The Scheme of merger of Scientific Vaccum Coating Pvt Ltd with the Company, subject to sanction of Hon'ble High Court Bombay and approval of relevant authorities. 2. The valuation report for share swap ratio for the scheme in which the shareholders of Scientific Vaccum Coating Pvt Ltd will be issued five shares of the Company for every four shares held by them. (As per BSE Bulletin dated on 07/11/2005) Oriental Containers Ltd has informed BSE that pursuant to the order made by the Hon'ble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on June 17, 2006, for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation between Scientific Vacuum Coating Pvt Ltd with the Company. (As per BSE Bulletin dated on 26/05/2006) Oriental Containers Ltd has informed BSE that the Equity Shareholders of the Company at their meeting held on June 17, 2006, have approved the Scheme of Amalgamation of Scientific Vacuum Coating Pvt Ltd with the Company. (As Per BSE Bulletin Dated on 20/06/2006) Oriental Containers Ltd has informed BSE that High Court Bombay has approved the Scheme of Amalgamation of Scientific Vacuum Coating Pvt Ltd, with the Company, vide its order dated August 25, 2006. (As per BSE Annocement website dated on 15/09/2006) Trading members of the Exchange are hereby informed that the under mentioned new securities of Oricon Enterprises Ltd. (Scrip Code: 513121, ISIN No: INE730A01014) are listed and permitted for trading on the Exchange with effect from Monday, April 09, 2007. Securities 42,73,875* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Scientific Vacuum Coating P. Ltd. pursuant to Scheme of Amalgamation of the Company. Dist. Nos. 5368198 to 9642072 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 42,73,975 equity shares issued pursuant to the scheme of amalgamation are under lock-in as mentioned below: The company has confirmed that these shares are issued in demat form for which necessary corporate action has been executed to have lock-in period marked in the depository's record. No. of shares Lock-in release date 41,59,687 31/10/2010 1,14,188 30/04/2010 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Bombay vide the Order dated August 25, 2006. b) Appointed Date: April 01, 2005 c) Effective Date: September 16, 2006 d) Date of Allotment: October 30, 2006 e) Exchange Ratio - The Company has allotted 5 (five) fully paid-up Equity Shares of Rs.10/- each of transferee company for every 4 (four) equity shares of Rs.10/- each held in Scientific Vacuum Coating P. Ltd. 4. The company's financial year ends on 30th June. (As per BSE Notice dated on 05/04/2007)