Shree Krishna Paper Mills & Industries Ltd announced that in accordance with the Special Resolution passed by the Company in Annual General Meeting of the Company held on September 26, 2008, the Board of Directors of the Company at its meeting held on October 22, 2008, has allotted 14,00,000 Equity shares of Rs 10/- each for cash at a premium Rs 5.86/- per share on preferential basis to M/s. BRL Marketing Pvt. Ltd., an Corporate Body incorporate in India.