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| Exchange Disseminated Time | Jai Balaji Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 05, 2013, inter alia:
1. have accepted the resignation tendered by Shri Gourav Jajodia from the directorship of the Company w.e.f. August 05, 2013.
2. have converted 34,95,000 warrants out of 1,00,00,000 warrants allotted on July 04, 2013 to promoter companies into 34,95,000 equity shares of Rs. 50/- each (including premium of Rs. 40/- per equity share). After the said allotment of the paid up capital of the Company will increase from Rs. 637,814,860/- to Rs. 672,764,860/-.
Further the Company has informed that, the Joint Statutory Auditors viz., M/s. U Narain & Co., and M/s. Rashmi & Co., have expressed their unwillingness to be re-appointed as the statutory auditors of the Company at the forthcoming Annual General Meeting. |
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