Jain Irrigation Systems Ltd has announced that Sub-Committee of the Board of the Company in its meeting held on July 14, 2008 allotted 192540 Equity Shares of Rs 10 at a premium of Rs 335.59 per Equity Share in conversion of 1500 Zero Coupon Convertible Bonds (ZCCB's) of USD 1000 each in terms of Notification received from the holder and in terms of Offering Circular dated March 24, 2006.