Jai Balaji Industries Limited has informed the Exchange that the Board of directors of the Company at their meeting held on June 30, 2009 have amongst the other item of the Agenda : (1) Accorded in-principle approval for issue of Equity Shares/ Securities convertible into Equity Shares, to eligible Qualified Institutional Buyers (QIB) through Qualified Institutional Placement (QIP) under Chapter XIII A of the SEBI (DIP) Guidelines, 2000, for an amount not exceeding Rs. 450 crores, subject to the approval of shareholders of the company. (2) Decided to hold the Extra-ordinary General Meeting of members of the Company on July 27, 2009.
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