Reliance Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 21, 2017, has, subject to approval of members of the Company through postal ballot, recommended issue of Bonus Shares to the members of the Company by capitalisation of its reserves in the ratio of 1 (one) bonus equity share of Rs. 10/- each fully paid-up for every 1 (one) existing equity share of Rs. 10/- each fully paid-up (that is in the ratio of 1:1) held by the members as on a ‘record date’ to be fixed hereafter for the purpose.
The Company will also seek the approval of members of the Company through postal ballot inter alia for increase in authorised share capital of the Company.
Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as per Annexure to this letter.
The Board meeting commenced at 12:05 p.m and concluded at 12:15 p.m.Source : BSE
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