10th-Sep-2012 08:00Source: BSE

KS Oils - Outcome of Board Meeting

K S Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 08, 2012, have approved the following matters:

1. Approval for issue of 1% Cumulative Redeemable Preference Shares to the CDR Lenders subject to the approval of the shareholders.

2. Approval for increase the Authorised Share Capital of the Company subject to the approval of shareholders.

3. Approval of Notice sent to the shareholders for Extra-Ordinary General Meeting.