Ruchi Soya Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2008, has transacted the following:

1. Two promoter group entities have exercised their option to apply for and allotted one fully paid up equity share of the Company for each warrant held by them. In accordance with the terms and conditions of issue of warrants, the Board of Directors of Company at its meeting held on March 31, 2008, has approved conversion of 64,00,000 warrants into 64,00,000 equity shares of Rs 2/- each of the Company.

Further the Company has informed that, Board of Directors of Company had allotted 3,53,25,000 warrants on December 24, 2007, on preferential basis to promoters, promoter group and others, in accordance with the approval of shareholders of the Company. Each warrant being convertible into one equity share of Rs 2/- of the Company.

2. The Board has accepted resignation of Mr. P S Santhanakrishnan, Director of the Company, with effect from March 31, 2008.

3. The Board has also inducted Mr. Prabhu Dayal Dwivedi as additional director of the Company.