Jaihind Projects - Outcome Of EGM

Jaihind Projects Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 16, 2008, inter alia, have accorded the Board to offer, issue and allot upto 11,00,000 (Eleven Lacs) Warrants Convertible into Equity Shares of the Company, of Rs 160/- (Rupees One Hundred Sixty only) each to the following promoters, including persons acting in concert and other acquirers on preferential basis convertible into 1 (one) Equity Shares of Rs 10/- (Rs Ten only) each fully paid-up at a price of Rs 160/- (Rupees One Hundred Sixty only) including premium of Rs 150/- (Rs One Hundred Fifty Only) determined in accordance with the SEBI Guidelines, subject to necessary provisions and approvals.

A. Persons acting in concert with the Promoters and relatives of Promoters

1. Name of the Proposed Allottee : Mr. Prakash L Hinduja
- No of Convertible Warrants proposed to be allootted : 50000
Status : Promoter

2. Name of the Proposed Allottee : Mrs. Nita P Hinduja
- No of Convertible Warrants proposed to be allootted : 50000
Status : Promoter

3. Name of the Proposed Allottee : Mr. Dinesh L Hinduja
- No of Convertible Warrants proposed to be allootted : 50000
Status : Promoter

4. Name of the Proposed Allottee : Mr. Gaurav P Hinduja
- No of Convertible Warrants proposed to be allootted : 85000
Status : Promoter

5. Name of the Proposed Allottee : Prakash L Hinduja Jt. with Gaurav P Hinduja
- No of Convertible Warrants proposed to be allootted : 100000
Status : Promoter

6. Name of the Proposed Allottee : Prakash L Hinduja Jt. with Dinesh L Hinduja
- No of Convertible Warrants proposed to be allootted : 100000
Status : Promoter

7. Name of the Proposed Allottee : Nita P Hinduja Jt. with Prakash L Hinduja
- No of Convertible Warrants proposed to be allootted : 100000
Status : Promoter

8. Name of the Proposed Allottee : Nita P Hinduja Jt. with Gaurav P Hinduja
- No of Convertible Warrants proposed to be allootted : 100000
Status : Promoter

9. Name of the Proposed Allottee : Dcom Systems Ltd
- No of Convertible Warrants proposed to be allootted : 450000
Status : Promoter

10. Name of the Proposed Allottee : Mr. Lalan R Pandey
- No of Convertible Warrants proposed to be allootted : 7500
Status : Promoter

B. Other Acquirers :

1. Name of the Proposed Allottee : Mrs. Uma M Keswani
- No of Convertible Warrants proposed to be allootted : 7500
Status : Non Promoter.
All the above mentioned proposed allottees in A are Promoters and their relatives and have been defined as persons acting in concert.