KDDL Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 31, 2008, inter alia, for transacting the following businesses:

1. Adoption of Audited Annual Accounts for the year ended March 31, 2008.

2. Recommendation of Dividend to be declared, subject to the approval of Members at the AGM, for the year ended March 31, 2008.

3. Fixture of Book Closure dates.

4. Conversion of 2,00,000 Zero Coupon Warrants into equal number of equity shares; inter alia other matters.