Maharashtra Polybutenes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2011, inter alia, has considered following items:1. Splitting of nominal value of Equity shares of the Company from Rs. 10/- each to Rs. 1/- each, subject to approval of shareholders.2. Commencement of new business as per Section 149(2A) of the Companies Act, 1956 as per other objects of Memorandum of Association of the Company subject to approval of shareholders3. Issue of further Securities upto Rs. 300 Crores subject to approval of shareholders.4. Revision in remuneration of Mr. Brijmohan Rathi, Chairman and Managing Director of the Company, subject to approval of shareholders.Source : BSE
