Rasoya Proteins Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2008, inter alia, has transacted the following:

1. Recommended Dividend @ 12.5% on the Equity shares for the financial Year ended March 31, 2008.

2. Approved and recommended the Re-appointment of Mr. A N Lonkar as the Managing Director of the Company for a further period of 5 years commencing from July 01, 2008.

3. Given authority to Executive Directors of the Company to discus and finalized terms of Power Purchase Agreement with Maharashtra State Electricity Distribution Company Ltd and / or with Tata Power Trading Company for sale of surplus power generated from the Co-generation Captive Power Project which is expected to start power generation from December-2008.