The Company has informed that the Board of Directors of the Company has acknowledged and approved the Memorandum of Understanding signed between the Company and Reform Packaging Pvt. Ltd., Plot No. 12-13, Sanand Land & Development Estate, Opp. Gokuldham, Sarkhej- Sanand Highway, Village- Ularia, Dist.- Ahmedabad-382210, Gujarat, India and both the parties agreed as follows: 1. Reform Packaging Pvt. Ltd. will be extending expertise to assess current operation status of Deshbandhu Polymer Limited (cont. 1)