Jaipan Industries -Bonus Issue

Jaipan Industries Ltd has informed the market that the Board of Directors of the Company at its meeting held on October 06, 2008, inter alia, has approved the followings:

1. Issue of Bonus shares in the ratio of one Equity share for every Two Equity Shares held.

2. Issue of Global Depository / American Depository Receipts, Foreign Currency Convertible Bonds for an aggregate amount up to USD 25 million in one or more tranches subject to the approval of Shareholders and other concerned authorities