Shiv Vani Oil - Outcome Of Board Meeting

Shiv Vani Oil & Gas Exploration Services Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2007, inter alia, has approved the following:1. To raise further funds by issuance of warrants fully or partly convertible into equity shares for an amount not exceeding Rs 250.00 Crores by way of preferential allotment under Section 81 (1A) of the Companies Act, 1956.2. To after Articles of Association of the Company by inserting Article 5A enabling the Company to issue warrants or any other securities convertible into equity shares of the Company.3. To form a Committee of Directors (i.e. Allotment Committee) for Issuance of shares from time to time consequent upon conversion of FCCB