Outcome of Board Meeting

Innovative Tech Pack Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 07, 2011, has approved the Notice for calling the 21st Annual General Meeting of the Company and recommended the following for the approval of the Members at the aforesaid General Meeting to be held on February 17, 2011.

1. Adoption of audited accounts for the accounting year ended September 30, 2010.

2. Re-appointment of Sh. Atul Nripraj Barar, who retires by rotation, and being eligible, offers himself for re-appointment.

3. To appoint M/s. BGJC & Associates, Chartered Accountants, retiring Auditors, as Statutory Auditors of the Company and to authorize the Board of Directors to fix their remuneration.

4. Appointment of Sh. Anil Kulbhushan Barar, Additional Director as Director of the Company.

5. Revision/ enhancement of remuneration paid to Sh. K. Satish Rao, Senior Manager (Corporate), who holds office or place of profit.

6. Increase in Authorised Share Capital of the Company from Rs. 8,50,00,000/- (Rupees Eight Crores Fifty Lacs only) to Rs. 10,00, 00,000/- (Rupees Ten Crores only)

7. Alteration of Articles of Association relating to Authorised Share Capital.

8. Empowering Board to issue Bonus shares/ or payment of the amount, for the time being unpaid, on any shares held by members by alteration of Articles 143 of the Articles of Association of the Company relating to capitalization of Reserves.

9. To empower Board to introduce and implement the Employees Stock Option Scheme, ESOP Scheme- 2011.