Rasoya Proteins - Outcome Of Board Meeting

Rasoya Proteins Ltd has informed that the Board of Directors of the Company at its meeting held on March 14, 2007, has decided the following:1. To raise funds for financing the new projects by way of issuing the Foreign Currency Convertible Bonds (FCCBs) / Global Depository receipts (GDRs) / American Depository Receipts (ADRs) / Qualified Institutional Placements (QIPs) to the specified persons to the tune of US $20 million subject to the approval of the Shareholders and other statutory bodied wherever applicable.2. To increase the borrowing powers from Present Rs 200 Crores to 300 Crores.3. To call for an Extraordinary General meeting of the members of the Company on April 19, 2007 to seek members approval on item number (1) and (2) mentioned above.