Bombay Polymers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2008, inter alia, has made the following decisions and passed the following resolution :

1. The Board of Directors decided to make a preferential allotment of Equity Shares for 67,000 Equity Shares valued at Rs 75/- each (including Rs 65/- in premium).

2. The Board decided on increasing the Authorised Share Capital of the Company, in order to facilitate the Preferential Issue of Shares of the Company. The Board decided to increase the Share Capital of the Company from Rs 25,00,000 to Rs 3,00,00,000/-

3. The Board decided that the Company should make an application for the change of name of the Company, in order to highlight the change in the nature of the main business activity of the Company, towards Information and Technology Services, and make an ROC Application for the same.

4. The Board decided on altering the Main Objects of the Company, by shifting the existing Clause III (A)(1) to the Other Objects” and re-numbering the existing Clause III (A)(1a) to Clause III(A)(1).

5. The Board decided to appoint Choksh Infotech Ltd as the Registrar and Share Transfer Agents for the Company, and authorized Director for carrying out the necessary formalities in this regard.

6. The Board decided to undertake the process of Postal Ballot for passing of each of the above mentioned Resolutions, as Special Resolutions and decided on the appointment of a Scrutinizer for the same, and work out the necessary details. The Board, appointed M/s. D A Kamat & Co., Practicing Company Secretaries as a scrutinizer of the Company for the process of Postal Ballot.

7. The Board made a decision, that the Company would not publish the Un-Audited Results for the Quarter ended March 31, 2008, but would be publishing the Audited Results for the year ended March 31, 2008 on or before June 30, 2008.