8th-Aug-2012 18:52Source: BSE

Jai Corp - Outcome of Board Meeting (AGM on Sep 26, 2012)

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2012, has
approved the redemption of 16,50,000 fully paid-up the 1% Non-cumulative, Non-Participating Redeemable Preference Shares.

The Board of Directors also approved the Directors'' Report and the Notice convening the 27th Annual General Meeting of the Company to be held on September 26, 2012 at the Registered Office of the Company.

The Board of Directors approved that the dividend of Re. 0.01 per share recommended earlier would now be payable on 83,49,900 fully paid-up Preference Shares of face value Re. 1/- each for the financial year 2011-12.

The Board of Directors also recommended the re-appointment of Messrs Chaturvedi & Shah as the auditor of the Company. Messrs S. R. Batliboi & Co. has informed the Company that they will not seek re-appointment.