Oudh Sugar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 14, 2008, has fixed July 02, 2008 as the record date for reckoning the eligible shareholders who are entitled to apply for equity shares along with detachable warrants on rights basis in the ratio of 22 equity shares for every 100 equity shares of Rs 10/- each for cash at a premium of Rs 50/- per equity share aggregating to Rs 2398.94 Lakhs.

The issue price for the Equity Shares will be payable in two installments; 50% issue price will be paid on application and balance will become payable after 3 months from the date of allotment.

For every (1) one equity share being allotted on rights basis, the allottee will receive (1) one detachable warrant.