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Board recommends Bonus Issue

| Updated on February 25, 2016 Published on February 25, 2016

Dishman Pharmaceuticals and Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 24, 2016, inter alia, has considered and recommended a bonus issue of equity shares in the ratio of 1 (one) equity share for every 1 (one) equity share held, as on the record date to be determined by the Board.

The Bonus issue of equity shares will be subject to approval by the Shareholders, through postal ballot and the record date will be announced separately. The Bonus issue will be made by way of capitalization of such sum standing to the credit of Securities Premium Account and/or General Reserves of the Company, as may be considered necessary by the Board.

The above proposal for issuance of Bonus Shares was not part of the agenda to the Board Meeting held on February 24, 2016 and was decided at the Board Meeting.

Source : BSE - >www.bseindia.com

Published on February 25, 2016
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