Jalpac India - Outcome of AGM

Jalpac India Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded the following:

1. Adoption of audited account for the year ended March 31, 2007.

2. Re-appointment of Shri. Anil Sharma & Shri. K K Shukla as Directors by rotation.

3. Re-appointment of Auditors.

4. Approval of shareholders for issuing any securities including instruments convertible into Equity Shares whether optionally or otherwise, GDRs, ADRs, FCCBs, and raising ECB's to the extent of US $ 20 million to such investors as may be acceptable to the Company, at a price and premium as may be decided by the board in accordance with the guidelines of the Ministry of Finance / SEBI / such other authorities.