Paper Products Board Recommends Stock Split & Dividend

Paper Products Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2007, inter alia, has recommended the following, subject to the approval of the shareholders at the forthcoming Annual General Meeting:1. A dividend of Rs 9/- per equity share for the financial year ending December 31, 2006.2. Sub-division of equity share of Rs 10 per share into 5 shares of Rs 2/- per equity share in the share capital of the Company.3. Increase in authorized capital from Rs 25,00,00,000/- to Rs 40,00,00,000/- by creation of 7,50,00,000 equity shares of Rs 2/- each aggregating Rs 15,00,00,000/-.