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Feb 05, 2013, 03.27 PM IST | Source: Moneycontrol.com

Hasti Finance board approves bonus issue

Hasti Finance has decided to issue bonus shares to the shareholders in the ratio of 1 equity share of Rs 10 each for every 10 equity shares held by the members of the Company and the same is considered for approval of members in the Extra Ordinary General Meeting of the Company. The EOGM of the company is fixed on February 27, 2013.

Hasti Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 04, 2013, inter alia, has discussed the following:1. The Board of Directors have decided that after the issue of Bonus Shares total paid up capital of the Company does not exceeds Authorised Share Capital of the Company and therefore there is no need to increase the Authorised share capital of the Company for issue of Bonus shares.2. The Board of Directors have decided to insert a Clause for Capitalisation of Profits in the Articles of Association of The Company and the same is considered for approval of members in the Extra Ordinary General Meeting of the Company.3. The Board of Directors have decided to issue Bonus shares to the shareholders of the Company in the ratio of One Equity Share of Rs. 10/- each for every 10 Equity shares held by the members of the Company and the same is considered for approval of members in the Extra Ordinary General Meeting of the Company.4. The Extra Ordinary General Meeting of the Company is fixed on February 27, 2013 at 11.30 a.m. at No. 14, Imperial Hotel Complex, Near Albert Cinema Hall, Whannels Road, Egmore, Chennai, Tamlinadu- 600008.Source : BSE

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