Outcome of Board Meeting

• Security Code: 524330
• Company: JAYAGROGN

Dear Sir:

Update on Bonus Issue

In partial modification to our earlier letter dated 16th June, 2017 in connection to the issue of Bonus Shares, we would like to inform that the approval of the Member's for issue of Bonus Shares will be sought through Postal Ballot instead of taking the approval at the Annual General Meeting of the Company.

The Postal Ballot Notice and cutoff date for reckoning eligible shareholder entitled to receive bonus shares will be intimated to the stock exchange in due course.

Kindly take the above on your records.

Thanking you,