KS Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 26, 2008, has approved the following resolutions:
1.
Allotment of 16,988,530 equity shares of Re. 1/- each to Citigroup Venture Capital International Growth Partnership Mauritius Ltd on conversion of Convertible equity shares warrants representing 5.39% of existing paid-up capital of the Company.
2.
Allotment of 94,910 shares of Re. 1/- each to others on conversion of Convertible equity shares warrants.
