Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Jai Balaji Industries Limited ('the Company') at its meeting held on Monday, 21st November, 2022 which commenced at 10:30 a.m. and concluded at 11:30 a.m., have, amongst other items of Agenda, considered and approved the conversion of 87,50,000 warrants into 87,50,000 Equity shares of face value of Rs.10/- each out of the warrants allotted on 27th May, 2022 on preferential allotment basis to the following entities pursuant to exercise of their rights of conversion of warrants into Equity Shares and accordingly the Board of Directors have allotted 87,50,000 Equity Shares of face value of Rs.10/- each fully paid up on account of conversion.
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