Dhampur Sugar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 13, 2008, has decided the following matters:

1. 10,00,000 (Ten Lac) Equity Shares Rs 10/- be allotted at a premium of Rs 57/- per share (issue price of Rs 67/- per Share), determined in according with SEBI Preferential Issue Guidelines as on ‘Relevant Date’ May 08, 2008 to M/s. Goel Investment Ltd (GIL), a Promoters Group Company, subject to approval of shareholders in forthcoming Extra Ordinary General Meeting.

2. 5,00,000 (Five Lac) Equity Warrants with an option to apply for and be allotted one equity share for each warrant, to be issued at a price Rs 67/- per warrant, determined in according with SEBI Preferential Issue Guidelines as on ‘Relevant Date’ May 08, 2008 to M/s. Goel Investment Ltd. (GIL), a Promoters Group Company subject to approval of shareholders in forthcoming Extra Ordinary General Meeting.

3. 7,00,000 (Seven Lac) Equity Warrants with an option to apply for and be alloted one equity share for each warrant, to be issued at a price of Rs 67/- per warrant, determined in according with SEBI Preferential Issue Guidelines as on ‘Relevant Date’ May 08, 2008 to M/s. Shudh Edible Products Pvt. Ltd. (SEPPL), a promoters Group Company, subject to approval of shareholders in forthcoming Extra Ordinary General Meeting.

4. Extra Ordinary General Meeting to be held on June 07, 2008. Draft of the Notice was approved in the meeting.