Neo Sack - Outcome of Board Meeting

Neo Sack Ltd has informed that the Board of Directors of the Company at its meeting held on June 21, 2007, has decided to call an Extra Ordinary General Meeting on the July 20, 2007 to seek the shareholders approval with respect to the following:1. Change the name of the Company from Neo Sack Ltd to Neo Corp International Ltd.2. Increase the limit of borrowing powers of the Board of Directors to Rs 150 crores.3. Increase the authorized capital to Rs l5 crores.4. Delisting of the shares from the MP Stock Exchange, Indore.