Rasoya Proteins Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 15, 2008, inter alia, have given their approval for Raising of funds for financing the new projects of the Company by way of issuing the foreign currency convertible bonds (FCCBs) / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Qualified Institutional Placements (QIPs) to the specified persons to tune of US$ 20 million.