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Last Updated : Apr 10, 2017 04:11 PM IST | Source: Moneycontrol.com

Hind Composites: Outcome of board meeting

Pursuant to the Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors meeting held today i.e. 10th April, 2017.

 
 
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Pursuant to the Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 10th April, 2017, inter alia, considered the following matters: 1)Sub-division of existing 1 equity share having face value of Rs. 10/- each fully paid-up into 2 equity shares having F.V. of Rs. 5/- each, 2)Increase in Authorized Share Capital of the Company from Rs. 6 cr. to Rs. 8 cr. divided into 1.6 crore equity shares of Rs. 5/- each and subsequent alteration of Capital Clause of Memorandum of Association to give effect to the sub-division of shares and increase in the authorized share capital, 3)Issue of bonus shares in proportion of 1:2 (Post split face value per equity share), 4)Decided to seek shareholders' approval through Postal Ballot Process for the proposed sub-division of shares, increase in authorized share capital, subsequent alteration of Capital Clause of MOA of the Company and issue of bonus shares;Source : BSE

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First Published on Apr 10, 2017 04:11 pm
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