Polyplex Corporation - Outcome Of Board Meeting

Polyplex Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on July 13, 2007, has approved expansion by way of setting up of:1. PET Film Line with a capacity of 31,000 TPA2. Metallizer with a capacity of 6,500 TPA and3. Chips Plant with a capacity of 45,500 TPAat Companys existing facility at Khatlma, Distt. Udham Singh Nagar, Uttarakhand, India. These projects are expected to be implemented within twelve months from financial closure.With the commissioning of above projects, the Companys Groups installed PET Film capacity would go up 138,000 TPA, Metallizer capacity would go up to 32,000 TPA and Chips Plant capacity will go up to 164,000 TPA. Further the Company has informed that, the Board of Directors of the Company has also approved co-option of Shri. Ranjit Singh, Chief Operating Officer of the Company on the Board of the Company w.e.f. July 13, 2007.the Register of Members & Share Transfer Books of the Company will remain closed from to (both days inclusive) for the purpose of.