Board to consider Bonus Issue

Visagar Polytex Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 06, 2015,
inter alia, to consider and transact the following businesses:

1. Issuance of Bonus Equity Shares by capitalization of Free Reserves / Securities Premium Account;

2. Increase in the Authorised Share Capital of the Company, if required consequent to the bonus issue;

3. To approve draft notice of the Extra Ordinary General Meeting to be sent to all the Equity Shareholders of the Company;

4. Change in accounting year of the Company from the existing July - June to financial year April - March;

5. To appoint Secretarial and Internal Auditors of the Company.

Further, in accordance with Model Code of Conduct pursuant to the Securities and Exchange Board of India (Prohibition of insider Trading) Regulations 1992, and the Code of Conduct framed for Prevention of Insider Trading by the Company, the trading window for dealing in the securities of the Company will be closed for all Directors, Officers and Designated Employees of the Company from April 02, 2015 and would open on April 08, 2015, i.e., after the announcement of the issuance of bonus shares.

Source : BSE - www.bseindia.com

Published on March 24, 2015
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