Jaybharat Textiles - Outcome of Board Meeting

Jaybharat Textiles and Real Estate Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 18, 2009, inter alia, has transacted the following business:

1. The Board of Directors approved the allotment of 12,76,12,500 fully paid up Bonus Equity Shares of Rs. 2/- each aggregating to Rs. 25,52,25,000/- to the holders of equity shares of the Company on record date i.e. September 17, 2009 in proportion of 1:2 i.e. (One Bonus Equity Share for every Two existing Equity Shares) held by such share holders of the Company.

2. B. James & Co., Chartered Accountants, has been appointed as Internal Auditors of the Company.