Jain Irrigation Systems has informed that a meeting of the Securities Issuance Committee-1 of Board of Directors of the Company is scheduled to be held on March 24, 2016 to consider allotment of 14,100,000 Ordinary Equity Shares of Rs 2 each cash at a premium of Rs 78 each in conversion of 14,100,000 Equity Warrants of Rs 80 each allotted on February 24, 2016 to JAF Products (Promoter’s group entity) on preferential basis.
The above information is a part of company’s filings submitted to BSE.