Nicco Corporation - Updates

With reference to the earlier announcement dated September 22, 2009 regarding a temporary 'Suspension of work' at the Company's Shyamangar Factory had been put into effect on September 21, 2009, which had been necessitated by acts of indiscipline and intimidation by an unruly section of the workers, Nicco Corporation Ltd has now informed BSE that as the issues leading to the temporary 'Suspension of work', have been resolved and the long term interests of the Company have been protected, the temporary 'Suspension of work', has been lifted at 4.00 PM on September 24, 2009 for the limited purpose of making it possible for the Company to make certain Festival related staff payments to the Employees of Shyamnagar Works, before the normal scheduled closure of the Factory for the Festival holidays from September 25, 2009 to September 28, 2009.

Work at the Shyamnagar Factory of the Company would now resume on September 29, 2009 as per normal schedule.