Outcome of Sub-Committee Meeting

Updated on: Feb 11, 2011

Jain Irrigation Systems Ltd has informed BSE that the Sub-Committee of Board of Directors (constituted on January 27, 2011) met on February 11, 2011 and has approved the issue of notice of Postal Ballot for obtaining Shareholders approval for the following matters: 1. To amend the Authorised Capital of the Company by reclassification of Equity Shares into Ordinary Equity Shares and DVR Equity Shares of Rs 2 each. 2. Issue of Equity Shares of Rs.2 each with Differential Voting Rights (DVRs) as Bonus Shares in proportion of 1 such DVR Equity Share for 20 Equity Shares of Rs. 2 held on ‘Record Date to be fixed for the purpose by the Board of Directors/Committee of Directors of the Company. 3. Authority for transfer of undertaking of SOLAR BUSINESS of the Company u/s 293 (1) (a) of the Companies Act, 1956 into a Wholly Owned Subsidiary of Company. 4. Change in Object clause by inclusion of additional object III C 82 A to D Power Generation objects by alteration of Memorandum of Association. The Company have appointed Mr. Aaron Solomon, Managing Partner of Solomon & Co (Solicitors) as Scrutinizer pursuant to Section 192A of the Companies Act, 1956, read with Companies (Passing of Resolutions by Postal ballot) Rules, 2001.

Source : BSE - www.bseindia.com

Published on February 11, 2011

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