Outcome of Board Meeting

| Updated on: Nov 12, 2014

Hitech Plast Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2014, inter alia, has considered and approved the following : - The Scheme of Arrangement by way of amalgamation of Clear Mipak Packaging Solutions Ltd., a subsidiary of the Company engaged in the same business of manufacturing plastic containers for paints, FMCGs, Chemicals, Agro chemicals, Lubricants etc. sectors having manufacturing operations at different locations into the Company, with appointed date as of April 01, 2014. The Scheme of Merger pursuant to the provisions of Section 391 to 394 of Companies Act, 1956 is subject to the approval of Stock Exchange, SEBI, Shareholders and High Court and compliance of other applicable statutory provisions in this regard.

Source : BSE - >www.bseindia.com

Published on November 12, 2014

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