Board recommends Bonus Issue

| Updated on January 24, 2018 Published on January 24, 2018

This is to inform you that the Board of Directors in their meeting held on Wednesday, the 24th January, 2018, has recommended issue of Bonus Shares to the members of the Company by capitalization of reserves in the ratio of 2 (Two) Bonus Equity Share of Rs. 10/- each fully paid for every 1 (One) existing Equity Share of Rs.10/- fully paid up, held by the members as on the Record date to be fixed later for the same.

Details as required under the Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for issue of Bonus are enclosed in Annexure I.

Further Company seeks the approval of members through Postal ballot and e-voting to increase authorized share capital of the Company from Rs. 7.5 Crore to 30 Crore and consequent amendment in memorandum of association.

The meeting commenced at 11.45 a.m and concluded at 4.30 p.m

This is for your information & records.

Pdf Link: Board recommends Bonus Issue

Source : BSE - www.bseindia.com

Published on January 24, 2018
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