Jain Irrigation Systems Ltd has informed BSE that Sub-Committee of the Board of the Company in its meeting held on June 12, 2009 allotted 385,080 Equity Shares of Rs 10 at a premium of Rs 335.59 per Equity Share in conversion of 3,000 Zero Coupon Convertible Bonds (ZCCBs) of USD 1000 each in terms of Notification received from the holders and in terms of Offering Circular dated March 24, 2006.