Vas Infrastructure Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 31, 2009, for considering allotment of Preferential Issue of Convertible Share Warrants into Equity Shares in terms of mandate granted by the shareholders in their meeting held on January 24, 2009, to such of the subscribers from whom the payments are received atleast to the extent of 10% of the first tranche.