Board of Jai Balaji Industries allots convertible warrants on preferential basis

At meeting held on 22 March 2016

Jai Balaji Industries announced that the Board of Directors of the Company at its meeting held on 22 March 2016 approved the allotment of 2,26,05,000 convertible warrants on preferential basis. Each warrant is convertible into one equity share of face value of Rs 10 each within a period of 18 months from date of allotment of such warrants.

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