Oriental Containers Board to recommend dividend, allot shares

Oriental Containers Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 28, 2006, inter alia, to transact the following:

1. To approve Audited Financial Results for the quarter and year ended June 30, 2006.

2. To recommend dividend on Equity Shares, for the year ended June 30, 2006.

3. To approve and take on record Unaudited Results for the first quarter ended September 30, 2006.

4. To allot 42,73,875 Equity Shares to the Shareholders of Scientific Vacuum Coating Pvt Ltd as per the Scheme of Amalgamation of Scientific Vacuum Coating Pvt Ltd with the Company approved by the Hon’ble High Court Bombay.

Source : Equity Bulls

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