Jamna Auto - Outcome Of EGM

Jamna Auto Industries Ltd has informed that the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on January 05, 2007, have authorised the Board to issue and allot to M/s. Clear Water Capital Partner (Cyrus) Ltd on preferential basis 64,06,944 Convertible Debenture of Rs 72/- each aggregating Rs 461,299,968/-, fully convertible into Equity Shares within the period of 18 months from the date of allotment, at one or more trench, as may be opted by the holder of Convertible Debenture and that the consent further be and is hereby accorded to the Board to issue and allot to the holders of Convertible Debentures such number of Equity Shares of such value and in such manner as may be necessary and permitted under the Companies Act, 1956 (including any amendment to or re-enactment thereof), SEBI Investor Protection Guidelines, 2000 as amended from time to time and applicable provisions of any other Law, Rules and / or Regulation, if any, for the purpose of giving effect to this resolution, subject to necessary provisions and approvals.The major terms of issue of Convertible Debentures are as follows:1. Each Convertible Debenture shall have a face value of Rs 72/-.2. Each Convertible Debenture shall be converted into one equity shares of Rs 10/- each at a premium of Rs 62/ per equity share.