JIKINDS

Jik Industries Limited has informed the Exchange that "The Meeting of the Board of Directors of the Company was held on 19th February, 2007 and has decided: (1) To increase the Authorised Capital of the Company and to issue fresh Equity Shares, Convertible tradable bonds, & other Convertible / tradable instruments to strategic investors, Promoter and associates on Preferential / Private Placement basis. (2) To issue fresh Equity Shares, other Convertible / tradable instruments to Banks / Financial Institutions and Creditors as a part of the settlement on Preferential / Private Placement basis.

Jik Industries Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 29,2006 have unanimously resolved to allot 8549407 Equity Shares for Rs.2.36 per share to Mr. Rajendra G. Parikh, Promoter/Chairman and Managing Director of the Company as per the CDR Package entered by the Company with the SASF.

Jik Industries Limited has informed the Exchange that the Board of Directors at their meeting held on January 16, 2006 has taken on record the following transactions :- (1) Conversion of 98942439 Convertible Bonds into equal number of Equity Shares with effect from January 15, 2006. The debt of the Company is converted into equity shares as per the Scheme of Arrangement between the Company and its Fixed Deposit Holders, Non Convertible Debenture Holders and Unsecured Creditors pursuant to Section 391 of the Companies Act, 1956 which was passed by the Hon'ble High Court, Bombay, effective from

Jik Industries Limited has informed the Exchange that the BODs at their Meeting held on March 15, 2005, approved the draft scheme of Compromise/Arrangement to convert Fixed Deposits, Non-Convertible Debentures, Loans and Other Unsecured Creditors into Equity Shares of the company.

JIK Industries Limited has informed the Exchange that the BoD's at their meeting held on October 14, 2004 transacted the following : To convene the EGM of the Company on November 18, 2004.