Jai Corp - Outcome Of AGM

Jai Corp Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 14, 2007, inter alia, have passed to the following:

1. Pursuant to the provisions of Sections 16, 94 and all other applicable provisions, if any, of the Companies Act, 1956 (including any stature modification or re-enactment thereof for the time being in force), the consent of the Company be and is hereby accorded that each equity share of the face value of Rs 10/- each of the Company be and is hereby sub-divided into 10 equity shares of the face value of Re 1/- each and that the sub-divided authorised share capital of the Company be and is hereby increased & re-classified from Rs 25,00,00,000/- dividend into 2,00,00,000 equity shares of Rs 10/- each 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Share of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each to Rs 50,00,00,000 divided into 45,00,00,000 equity shares of Re 1/- each and 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Shares of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each with power to the Board to decide on the extent of variation in such rights & consequential amendment in the Memorandum of Association of the Company.