Jayaswal Neco Industries Ltd

The Board of Directors of the Company at its meeting held today has approved the raising of funds upto an amount of INR 18000000000/- (Indian Rupees One Thousand Eight Hundred Crores only) for inter alia refinancing of the existing debt of the Company by way of issuance of unlisted unrated secured redeemable fully paid up non-convertible debentures in one or more series/ tranches on private placement basis.