Jindal Hotels - Updates

Jindal Hotels Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 23, 2009, inter alia, have unanimously approved the issue and allotment of Warrants convertible into equity shares on Preferential basis. And pursuant to it in compliance with the provisions of Clause 13.4.1 of SEBI (DIP) Guidelines, the Board of Directors of the Company have allotted 24,76,540 Warrants convertible into equity shares of Rs 10/- each at a premium of Rs 10/- each to Promoters and Others on a preferential basis in their meeting held on July 01, 2009.