JAIN IRRIGATION SYSTEMS LTD. - Outcome of Board Meeting

Jain Irrigation Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2014, inter alia, has approved incorporation of Wholly Owned Subsidiary to house its existing global food processing business. The Management was further authorised to take necessary steps to complete all legal and regulatory processes. The Board has further authorised the management to explore value creation opportunities based upon minority dilution in the same.