Board approves Sub-division of Equity Shares

| Updated on December 15, 2015 Published on December 15, 2015

Bhandari Hosiery Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2015, inter alia, has approved the following:

1. Sub-division of nominal value of equity shares of the Company from Rs. 10/- (Rupees Ten only) each to Rs. 1/- (Rupees One only) each subject to the approval of Members by Postal Ballot Process and subject to necessary compliances and obtaining of necessary approvals, consents etc.

2. Consequential amendments to/ alteration of Capital Clause of Memorandum of Association.

3. Postal ballot notice dated December 15, 2015 along with its related documents for sending to the shareholder of the Company.

4. Fixed December 18, 2015 as the cut-off date for reckoning Voting Rights and ascertaining those Members to whom the Postal ballot notice and postal ballot forms shall be sent. The Postal Ballot Notice will be sent to the Members whose names appear in the Register of Members / Record of Depositories as on December 18, 2015.

5. Appointment of M/s. Rajeev Bhambri and Associates as Scrutinizer as for conducting the Postal Ballot and e-voting process in a fair and transparent manner.

Source : BSE - >www.bseindia.com

Published on December 15, 2015
This article is closed for comments.
Please Email the Editor