JCT Electronics - Outcome Of Board Meeting

JCT Electronics Ltd has informed that the Board of Directors of the Company at its meeting held on April 30, 2007, took note of the orders of the Honble BIFR. Pursuant to the orders passed by the Honble BIFR and for implementing the provisions relating to write down of the existing equity capital, issue of fresh shares to the promoters against share application & fresh infusion as per scheme and conversion of a portion of the outstanding dues of FIs / Banks into equity shares, the authorized share capital as mentioned in the Memorandum and Articles of Association of the Company has to be amended and re-classified. Accordingly, the Board considered and authorized convening of an Extra Ordinary General Meeting of the members of the Company for this purpose.