Nijjer Agro Foods promoters pledge shares

Nijjer Agro Foods Ltd has informed BSE that the following shares held by the promoters have been pledged in favour of IDBI Ltd. The pledge was created in December 2004 as a guarantee for specific performance by the Company of one of the conditions of settlement of over-dues and a part of rehabilitation package filed before BIFR.

1. Promoter Name - Satbir Nijjer
- Number of Shares pledged - 9,04,989
- Percentage of issued capital - 8.87%

2. Promoter Name - Wassan Singh Nijjer
- Number of Shares pledged - 1,20,000
- Percentage of issued capital - 1.18%

3. Promoter Name - Gurbaksh Kaur
- Number of Shares pledged - 35,011
- Percentage of issued capital - 0.34%

The shares will be released by IDBI Ltd on Company making allotment of 1060000 shares.