Jain Irrigation Systems Ltd has informed BSE that the Board Sub-Committee meeting of the Company at its meeting held on September 01, 2006 has approved the Scheme of merger of Orient Vegetexpo Ltd with the Company. Jain Irrigation Systems Ltd has informed BSE that pursuant to the Order dated November 15, 2007, of Board of Industrial and Financial Reconstruction (BIFR) sanctioning the Scheme of Rehabilitation including amalgamation of Orient Vegetexpo Ltd. with the Company in terms of Section 19(3) read with Section 18(4) of the Sick Industrial Companies (Special Provisions) Act, 1985. Following are the particulars regarding the Order. - Appointed Date of Amalgamation: April 01, 2006 - Date of Order of BIFR: November 15, 2007 Effective Date of amalgamation: The date on which certified copy of the order of the BIFR sanctioning the Scheme has been filed with the Registrar of Companies, Maharashtra, Mumbai. The sub committee of Board shall now meet on December 07, 2007 to consider allotment of Equity Shares under the Scheme. (As Per BSE Announcement Website Dated on 26/11/2007) Jain Irrigation Systems Ltd has informed BSE that the Sub-Committee of Board of Directors of the Company at its meeting held on December 07, 2007, has passed the resolution relating to allotment of 7,13,316 Equity Shares of Rs 10 per share to the shareholders of erstwhile Orient Vegetexpo Ltd as fully paid up Equity Shares of Rs 10 each as per the following exchange ratio of the Scheme of Amalgamation approved by BIFR on November 15, 2007. - 7 Equity Shares of Rs 10 each fully paid up of the Company for every 53 Equity Shares of Rs 10 each fully paid up of the Orient Vegetexpo Ltd. (As Per BSE Announcement Website Dated on 10/12/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of Jain Irrigation Systems Limited (Scrip Code: 500219, ISIN No. INE175A01020) are listed and permitted for trading on the Exchange with effect from Monday, February 4, 2008. Securities : 7,13,316* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Orient Vegetexpo Limited pursuant to the scheme of amalgamation of the Company. Dist. Nos. 66936881 to 67650196 * These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 6,58,203 equity shares bearing distinctive numbers 66991994 to 67650196 issued pursuant to the scheme are under lock-in up to February 10, 2009 and therefore these shares would not be good delivery in the market till then 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by BIFR vide its Order dated November 15, 2007. b) Appointed Date : April 1, 2006 c) Effective Date : November 27, 2007 d) Date of Allotment : December 07, 2007 e) Exchange Ratio - For every 53 equity shares of Rs.10/- each held in the transferor company, 7 equity shares of Rs.10/- each of the company have been issued. 4. The company's financial year ends on 31st March. (As per BSE Notice dated on 01/02/2008)