Sanwaria Agro Oils Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 29, 2008, inter alia, have accorded the Board to create, issue, offer and allot equity shares for an amount not exceeding Rs 100 crores to be raised in one or more tranches by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in terms of Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (SEBI DIP Guideline) or through public issue, rights issue and / or private offerings in domestic and / or one or more international market(s), whether by way of direct issue of equity shares or through depository receipts, whether Global Depository Receipts or American Depository Receipt or Foreign Currency Convertible Bonds (FCCBs) and / or any instrument or securities convertible into equity shares at the option of the holder(s), whether or not such investors are existing shareholders of the Company at such price or prices, at market price(s) or at a discount or at a premium to market price(s) in such manner and where necessary in consultation with the lead manager and / or underwriters and /or other advisors or otherwise on such terms and conditions as the Board may, in their absolute discretion, decide at the time of the issue subject to necessary provisions & approvals.