Hexaware proposes bonus, to pay 50% special interim

Hexaware Technologies Ltd has informed BSE that the board of directors of the company at its meeting held on January 11, has recommended issue of bonus shares in the ratio of one equity share of Rs 2 each fully paid up for every existing one equity share. The bonus shares shall be credited on or before March 9.

It has also proposed reclassification of authorised share capital from preference share capital to equity share capital as follows to enable the bonus issue: 30,00,000 preference shares of Rs 100 each into 15,00,00,000 equity shares of Rs 2 each.

An extra-ordinary general meeting of the shareholders of the company shall be held on February 15 to approve the issue of bonus shares, reclassification of authorised capital and other special business.

Further the company has informed that the board has also declared a special interim dividend for the year 2010 at Re 1 per share of Rs 2 each (50 per cent).