Alembic Glass agrees to amalgamation proposal

At its board meeting on 10 January 2006, Alembic Glass Industries Ltd. approved in principle the proposed amalgamation of Shreno Ltd. and the appointment of valuers for determination of the share exch…

At its board meeting on 10 January 2006, Alembic Glass Industries Ltd. approved in principle the proposed amalgamation of Shreno Ltd. and the appointment of valuers for determination of the share exchange ratio. In addition, the company appointed Mr. Rasesh Shah as an additional director of the company with effect from 10 January 2006