KS Oils - Outcome Of EGM

KS Oils Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on August 08, 2007, inter alia, have approved the following resolutions by way of special resolution:

1. Preferential issue of 21,479,710 equity shares of Rs 1/- each to be issued at a premium of Rs 40.90 to Baring Private Equity Asia III Mauritius Holdings (3) Ltd.

2. Preferential issue of 102,650 equity shares of Rs 1/- each to be issued at a premium of Rs 40.90 to Keshav Bhujle and Gautam Nayak (in their capacities as trustees of the following trust:

(i) CVCIGP II P R Srinivasan Trust: upto 4780 Equity Shares;

(ii) CVCIGP II Vinayak Shenvi Trust: upto 4780 Equity Shares;

(iii) CVCIGP II Ajay Relan Trust: upto 7,1600 Equity Shares;

(iv) CVCIGP II Vivek Chhachhi Trust: upto 4780 Equity Shares;

(v) CVCIGP II Jayanta Kumar Basu Trust: upto 4780 Equity Shares;

(vi) CVCIGP II Ajay Tandon Trust upto 11930 Equity Shares