Jindal Stainless - Outcome Of Board Meeting

Jindal Stainless Ltd has informed that the Board of Directors of the Company at its meeting held on October 26, 2007, inter alia, has allotted 10,94,917 equity shares of Rs 2/ each upon conversion of 600 0.50% Convertible Bonds Due 2009 of USD 30,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 28,62,56,518/- to Rs 28,84,46,352/- divided into 14,42,23,176 equity shares of Rs 2/- each.