COMPANY LAW
| Sanwaria Agro Oils okays bonus issue Thu, 03 Mar 2011 21:31:55 +0530 |
| Sanwaria Agro Oils today said it has approved issuing of bonus shares to the shareholders of the company in the ratio of 1:1. "The chairman recommended the board for issue of bonus shares to the shareholders of the company in the ratio of 1:1 -- one equity share for every equity share held -- which was approved by the Board and following resolution was passed unanimously," it said in a filing to the Bombay Stock Exchange (BSE). The board recommended a sum of Rs 17.40 crore be to capitalised out of general reserve as on March 31, 2010 and distributed by way of issuing 17,40,25,000 equity shares of Re 1 each credited, it said. An extraordinary general meeting of the company will be called on March 29 for ratification of the above, it added. |
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