Corporate Announcement
Security Code : 522285    Company : JAYNECOIND    
 
Outcome of EGM 
  Exchange Disseminated Time     
Jayaswal Neco Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 19, 2010, inter alia, have granted approvals by Special Resolution to the following:

1. Preferential Issue to 142 lacs Equity Shares for cash in Rs. 33.80 per share to Reliance Mutual Fund.

2. Alternation of Memorandum of Association to incorporate the arrangement of supply of middings, rejects etc. generated by the Company to its subsidiary Companies for generation of Power and investment in the Equity Share Capital of the Subsidiary Companies.

3. Alternation of Articles of Association to incorporate the provision that the Company shall hold not less than 51% equity in subsidiary Companies at all times.

as notified vide notice dated March 18, 2010, convening the above said Extra Ordinary General Meeting.
 

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