2007
 
 - Jai Balaji Industries Ltd has informed that the Board of Directors
 of the Company at its meeting held on August 18, 2007, has appointed
 Mr. Aditya Jajodia, presently Chairman and Director of the Company,
 as the Managing Director of the Company for a period of five (5)
 years w.e.f. July 23, 2007.
 
 Further the Company has informed that Mr. Ashim Kumar Mukherjee has
 appointed as additional director with effect from August 18, 2007,
 who shall hold office upto the date of AGM.
 
 -Company name has been changed from Jai Balaji Sponge Ltd to Jai
 Balaji Industries Ltd
 
 2008
 
 - Jai Balaji Industries Ltd has informed that the Board of Directors
 of the Company at its meeting held on January 31, 2008, inter alia,
 has appointed Shri. Gaurav Jajodia as additional Director with
 immediate effect.
 
 -Jai Balaji Industries Ltd has informed that a Memorandum of
 Understanding (MoU) has been singed between the Government of
 Chhattisgarh, Chhattisgarh State Electricity Board & Jai Balaji
 Industries Ltd on September 24, 2008 for setting up a 600 MW Thermal
 Power Project in the State of Chhattisgarh.