Board recommends Dividend (AGM on September 21, 2016)

• Security Code: 512237
• Company: JAICORPLTD

Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, transacted the following :

2. Decided to redeem 1,50,000 1% Non-cumulative, Non- participating Redeemable Preference Shares on May 27, 2016.

2. Recommended a dividend of Re. 0.01 per share on 62,94,900 preference shares of face value Re. 1/- each for the financial year 2015-16.

3. Recommended a dividend of Re. 0.50 per share on 4,81,67,010 equity shares of lace value Re. 1/- each for the financial year 2015-16. No dividend was recommended on the 13,02,82,400 equity shares held by the promoters who have irrevocably waived their entitlement to dividend for the financial year 2015-16. Also, no dividend was recommended on the 44,600 equity shares forfeited but not cancelled or re-issued.

4. Recommended the re-appointment of Mr. Anand Jain as a non-executive director, who retires by rotation. ,

5. Decided to hold the 31st Annual General Meeting on September 21, 2016 at the Registered Office of the Company.

The meeting of the Board of Directors commenced at 17:00 hrs. IST and ended on 19.35 hrs IST.