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              KS Oils Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 14, 2007, inter alia, to discuss the following:
1. Issue of Convertible Warrants / Equity Shares to promoters / non promoters on preferential basis.
2. Issue of GDR / FCCBs / other financial instruments.
3. To fix the date of Extra Ordinary General Meeting for seeking members approval for issuance of Convertible Warrants / Equity Shares / GDR / FCCBs / other financial instruments.