Container Corporation of India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 14, 2008, inter alia, to transact the following business:

1. Amendment in the Articles of Association pertaining to capital expenditure / establishment of subsidiaries / JVs etc.

- To amend the Article 67 (iii)(a) of the Articles of Association of the Company.

2. Incorporation of enabling provision in the Articles of Association for Issue of Bonus Shares

- To amend the Articles of Association of the Company by incorporating a new Article 84A.

3. To increase the Authorised Share Capital of the Company from Rs 100 crores (Rupees One hundred Crores) divided into 10,00,00,000 Ten Crores equity shares of Rs 10 (Rupees Ten) each to Rs 200 crores (Rupees Two Hundred Crores) divided into 20,00,00,000 (Twenty Crores) equity shares of Rs 10/- (Rupees Ten), each and consequently the existing Clause V of the Memorandum of Association of the Company is altered by substituting in its place the following Clause:

Clause V: Share Capital

“The Authorised Share Capital of the Company is Rs 200,00,00,000 (Rupees Two Hundred Crores) divided into 20,00,00,000 (Twenty Crores) equity shares of Rs 10/- (Rupees Ten) each.”

4. Ratified for issue of 1 (One) fully paid-up Equity Share of Rs 10/- (Rupees Ten) each for every 1 (One) fully paid-up Equity Share of Rs 10/- (Rupees Ten) each held by members by capitalization of sum standing to the credit of the General Reserves of the Company credited as fully paid-up Equity Shares to those members whose names shall appear in the Register of Members or in the respective beneficiary account with their respective Depository Participants on the ‘Record Date’ and that the Bonus Shares so distributed shall, for all purposes, be treated as an Increase in the nominal amount in the Share Capital of the Company held by each such member, and not as income.

- The Bonus Shares so allotted shall rank pari passu in all respects including dividend with the existing equity shares of the Company

- The Bonus Shares so allotted shall always be subject to the terms and conditions contained in the Memorandum and Articles of Association of the Company

- for the purpose of giving effect to this Resolution, the Board is authorized to do all such acts/deeds, matters and things and give such directions as may be necessary or expedient and to settle any question, difficulty or doubt that may arise in this regard as the Board in its absolute discretion may deem necessary or desirable and its decision shall be final and binding.