National Plastic - Outcome Of Board Meeting - Oct 14, 2008

National Plastic Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 13, 2008, inter alia, has approved, subject to shareholders approval, sale and transfer of the Companys undertaking comprising of land and building situated at Western Express Highway No. 8, Kashimira, Dist. Thane.
The approval of the shareholders is proposed to be sought through Postal Ballot.

In this meeting the Board has appointed Mrs. Jayshree A Lalpuria, Practising Company Secretary, Mumbai, as the Scrutinizer for conducting the Postal Ballot Process in a fair and transparent manner.

National Plastic - Outcome Of Board Meeting - Sep 10, 2008

National Plastic Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on September 02, 2008, had decided to issue 4,10,000 equity shares at a price of Rs 14.00 per equity share (including a premium of Rs 4.00 per equity share) on preferential basis to the promoter group, subject to the approval of the shareholders at the Annual General Meeting to be held on September 30, 2008.

Further the Company has confirm that the proposed issue is within the limit of 5% as specified in SEBI (Substantial Acquisition of shares and Takeovers) Regulation, 1997 and hence the acquirer is not required to make any open offer under the above said regulation