Jain Irrigation Allotted To Fully Paid-Up Equity Shares - April 10, 2009

The Sub-Committee of Board of Directors of the Jain Irrigation Systems Ltd at its meeting held on April 09, 2009, has passed the resolution pursuant to approval of the Shareholders at their meeting dated March 26, 2009, allotted 19,97,780 fully paid-up Equity Shares of the Company of the face value of Rs 10 each of the Company to the following persons at a issue price of Rs 360.40 per share (including a premium of Rs 350.40) in the following manner:

Name of Allottee: International Finance Corporation (IFC)

No. of Shares Allotted: 19,97,780.

Jain Irrigation - Allotment Of Shares On Preferential Basis- March 3, 2009

Jain Irrigation Systems Ltd has informed that the Sub-Committee of Board of the Company at its meeting held on March 02, 2009 proposed to allot 20,00,000 Equity Shares on preferential basis to International Finance Corporation under SEBI (DIP) Guidelines, 2000 as applicable to the transaction.
The sub-committee has convened Extra Ordinary General Meeting (EGM) of Shareholders of the Company on March 26, 2009 to obtain their consent / approval to the proposed issue.