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Rana Sugars - Board Meeting on May 22, 2008

Rana Sugars Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 22, 2008, inter alia, to transact the following business:

1. To consider the allotment of convertible warrants to the promoters / directors of the Company on preferential basis.

2. To consider the issue of Global Depository Receipts (GDRs) by the Company.

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