Nagarjuna Agri Tech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2008 to consider issue and allotment of 20,00,000 equity shares of Rs 10/- each and 20,00,000 convertible warrants to M/s. Subhkam Ventures India Ltd. (Formerly known as Sweet Solutions Ltd), on preferential basis as ratified by the shareholders of the Company in their meeting held on May 10, 2008 with reference to the original approval by the shareholders of the Company in their meeting held on March 31, 2006.