Board approves Bonus Issue

| Updated on June 12, 2015 Published on June 12, 2015

Anuh Pharma Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 12, 2015, inter alia, has transacted the following:

1. Increase in Authorised Share Capital of the Company from Rs. 10,00,00,000/- (Rupees Ten Crores only) consisting of 2,00,00,000 Equity Shares of Rs. 5/- each to Rs. 51,00,00,000/- (Rupees Fifty One Crores only) consisting of 10,20,00,000 Equity Shares of Rs. 5/- each to make the capital sufficient to accommodate the Bonus Issue and alteration of Clause V of Memorandum of Association and Article 6 of Articles of Association of the Company subject to the approval of Members.

2. Issue of Bonus Equity Shares in the ratio of 2:1 i.e. 2 (Two) equity shares of face value of Rs. 5/- each for every existing 1 (One) equity share of face value of Rs. 5/- each fully paid by way of capitalization of Free Reserves subject to approval of the Members.

3. The Company has acquired leasehold rights, title, interests and possession in land and building admeasuring 7,800 square meters at Plot No. E-18 in the Tarapur Industrial Area of MIDC connecting to the existing Factory for a consideration of Rs. 9,00,00,000/- (Rupees Nine Crores only) from Authentic Petroproducts LLP for expansion purpose.

Source : BSE - >www.bseindia.com

Published on June 12, 2015
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