New Delhi, 28 th November 2006: Orient Ceramics And Industries Ltd. an OHSAS 18001, ISO 14001 & ISO 9001 certified Company , has informed the Bombay Stock Exchange that the Board of Directors, in their meeting held on 28 th November 2006 have approved the issue of Bonus Shares in the ratio of 5 : 4 (Five Bonus Shares for every Four Equity Shares held in the Company). The Board has also approved increase in Authorized Share Capital from existing Rs. 10 crores to Rs. 15 crores and consequent changes in the Memorandum and Articles of Association of the Company.

The Board has also fixed the date of Extra Ordinary General Meeting on Wed, 27 th December 2006 to take the approval of the shareholders of the Company on the above matters.

The Company's Equity Shares are currently listed on the Bombay Stock Exchange (BSE). Now, the Company is proposing to list its Shares on the National Stock Exchange (NSE) as well.

The Company has reported strong financial numbers for the first half ended 30.09.2006. The Gross Turnover stood at Rs. 92.10 crores against 64.99 crores during corresponding period last year, registering a growth of 42%. The Profit before Tax stood at Rs. 7.55 crores against Rs. 2.94 crores last year showing a growth of 157%. The Gross Sales of the Company is likely to cross Rs. 200 crores in the current Financial Year against Rs. 140 crores last year.

The Company is in the process of expanding capacity by adding ‘Vitrified Tiles' in its product range. The capacity will increase by more than 50% from 27,000 sqm per day to 41,000 sqm per day. The project is likely to commence commercial production by February 2007.