K S Oils has informed that the board of directors of the company at its meeting held on October 05, 2012, has approved the allotment of 1% cumulative preference shares to the CDR Lenders, resignation of Umesh Jain, nominee director of IDBI Bank and appointment of M. B. Kaul as nominee director of IDBI Bank.
The above information is a part of company's filings submitted to BSE.
