Jai Mata Glass adjourns Board Meeting

Jai Mata Glass Ltd has announced that the meeting of the Board of Directors of the Company which was scheduled to be held on March 31, 2007, inter alia, to consider the following:

1. For allotting 3500000 equity shares of Re 1/- each to existing promoters on preferential basis for redemption of 350000 Cumulative Optionally Convertible Redeemable Preference shares (COCRPS) of Rs 100/- issued to Industrial Development Bank of India Ltd in accordance with the Order of Hon'ble Board for Industrial and Financial Reconstruction dated April 10, 2006.

2. For redemption of 350000 Cumulative Optionally Convertible Redeemable Preference shares (COCRPS) of Rs 100/- each issued to Industrial Development Bank of India Ltd in accordance with the Order of Hon'ble Board for Industrial and Financial Reconstruction dated April 10, 2006.

In this regard the Company has further informed that the Board Meeting stands adjourned for April 14, 2007.

Source : Equity Bulls

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