Eid Parry India Ltd. has informed the Exchange that the BODs at their meeting held on October 20, 2005, approved transfer of the Parryware Business of the Company to a wholly owned subsidiary subject to various regulatory approvals (including approval of the shareholders of the Company). The Company will seek the approval of the shareholders through the process of Postal Ballot as per the requirement under Section 192A(Passing of resolutions by postal ballot)of the Companies Act,1956. The company has informed that the members of the Company, will consider to approve Ordinary Resolution, by way of Postal Ballot, to authorise the Board to transfer of the Parryware Division of the Company engaged in the business of manufacture and sale of Sanitaryware and trading in allied products, with all assets and liabilities including the manufacturing facilities at Alwar, Dewas, Ranipet and Perundurai (under construction) to a wholly owned subsidiary of the Company by way of sale or assignment at such consideration being not lower than the net book value and with effect from such date as the Board of Director of the Company may think fit. The Board of Directors have appointed Mr B Ravi a practicing Company Secretary, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The Postal Ballot form duly completed should reach the Scrutinizer on or before the close of working hours on December 09, 2005. The Scrutinizer will submit his report to the Chairman or Vice Chairman or the Managing Director after completion of the scrutiny of the postal ballot and the results of Postal Ballot will be announced by the Chairman or any Director on December 15, 2005. (As per BSE Bulletin dated on 18/11/2005) The company has informed that the members of the Company, have passed the resolution, by way of postal ballot, to transfer the Parryware Division of the Company engaged in the business of manufacture and sale of Sanitaryware and trading in allied products, with all assets and liabilities including the manufacturing facilities at Alwar, Dewas, Ranipet and Perundurai (under construction) to a wholly owned subsidiary of the Company by way of sale or assignment at such consideration being not lower than the net book value and with effect from such date as the Board of Directors of the Company may think fit, with requisite majority. (As per BSE Bulletin dated on 15/12/2005) Board has taken the following significant decisions:- Parryware 1. The Board approved the Company partnering with ROCA of Spain who are world leaders in the bathroom products for a 50:50 joint venture for the Parryware Business. ROCA is ranked the second largest company in the world in the business of the bathroom ceramics industry. ROCA has a commercial presence in more than 100 countries with a business volume amounted to Euro 1.6 billion. Together ROCA and Parryware will become the world's largest Bathroom Products Company. ROCA will be investing 50 Million Euro for their 50% stake. This will be through a combination of direct subscription into the Joint Venture Company and acquisition from the Company. This investment is subject to the approval of FIPB. (pursuant to the approval of shareholders, Parryware business was transferred by the Company into its wholly owned subsidiary, Parryware Glamourooms Pvt Ltd on March 01, 2006). (As per BSE Bulletin dated on 21/03/2006) With reference to the earlier announcement regarding, (a) transfer of Parryware Business to Parryware Glamourooms Pvt Ltd (PGPL), a wholly owned subsidiary of the Company on March 01, 2006, (b) partnering with Roca Sanitario S.A. (ROCA) for a 50:50 stake by way of joint venture through direct subscription in to PGPL and acquisition from the Company, subject to FIPB clearance, the company has informed that Consequent to the receipt of approval from FIPB, the Company (transferred on June 01, 2006 in favour of ROCA, 4,32,580 equity shares of Rs 10/- each held by the Company in PGPL for a consideration of about Rs 1,180/- million. The PGPL Board also allotted on 1.6.2006, 6,34,840 equity shares of Rs 10/- each of PGPL to ROCA. Consequent to this PGPL ceased to be a subsidiary of the Company with effect from June 01, 2006 and will be a joint venture company in which the Company and ROCA hold 50% equal stake in the capital. (As per BSE Bulletin dated on 02/06/2006)