Jai Corp - Outcome Of Board Meeting

Jai Corp Ltd has informed that the Board of Directors of the Company at its meeting held on February 09, 2008, has approved holding an Extraordinary General Meeting on March 18, 2008, inter alia to seek Members approval for increasing number of Directors of the Company, increasing sitting fee payable to the Directors, changing the borrowing limits of the Company under Section 293(1)(a) of the Companies Act, 1956, changing the limit of investments under Section 372A of Companies Act, 1956, changing the limit of contributions under Section 293(1)(e) of the Companies Act, 1956.