Board approves Bonus Issue

| Updated on February 07, 2015 Published on February 07, 2015

VA Tech Wabag Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2015, inter alia, has considered, approved and recommended for approval of the shareholders, issue of fully paid Bonus shares in the Ratio of 1:1 (one equity share for every one Equity Share of Rs. 2/- held in the Company) by capitalizing the Securities Premium Reserve Account of the Company. The Board also proposed to alter the Capital Clause of the Memorandum of Association by re-classifying the existing Preference Share Capital of the Company into Equity Share Capital.

Source : BSE - >www.bseindia.com

Published on February 07, 2015
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