Board approves Bonus Issue

| Updated on July 18, 2012 Published on July 18, 2012

Pankaj Piyush Trade & Investment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2012, inter-alia, has recommended the following subject to the consent of the Shareholders in the general meeting:

1. Increasing the authorized share capital from Rs. 250 lacs to Rs. 2100 lacs (divided into 1,90,00,000 Equity Shares of Rs. 10/- each and 20,00,000 Preference Shares of Rs. 10/- each).

2. Issue of Bonus shares in the ratio of 45:1, [i.e. 45 (forty five) equity shares of Rs. 10/- each fully paid up for every 1 (one) existing equity share of Rs. 10/- each fully paid up)] by capitalization of Securities Premium Account.

Source : BSE - >www.bseindia.com

Published on July 18, 2012
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