Jindal Worldwide EGM On Jan 16

Jindal Worldwide Ltd has informed that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on January 16, 2007, inter alia, to transact the following business:

1. To offer, issue and allot (including with provision for reservation on firm and / or competitive basis of such part of issue and for such categories of persons as may be permitted) in the course of Domestic / International offerings to Domestic / Foreign Institutions, Domestic / Foreign Banks, Foreign Investors (whether Institutions and / or Incorporated Bodies and / or individuals and whether or not such investors are members of the Company), Non Resident Indians, and / or other entities, Indian Bodies Corporates, Pension Funds, Individuals and / or trustees and or stabilization agents or otherwise, whether members of the Company or not, through a public issue and / or on a Private Placement basis or Preferential Allotment Basis, Ordinary Shares, debentures or bonds whether partly / optionally / fully Convertible and / or Securities linked to Ordinary Shares including but not limited to foreign Currency Convertible Bonds convertible into Equity shares at the option of Foreign Currency Convertible Bonds convertible into Equity Shares at the option of the Company and / or the holder of such securities or securities through the QIB route (Securities), such that total amount raised through the aforesaid Securities should not exceed USD 20 million (inclusive of such premium as may be determined), with a right to the Board to retain for additional allotment such amount of subscription not exceeding 20% of the amount of the initial offer of each trenches as the Board may deem fit, subject to necessary provisions & approvals.