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| Exchange Disseminated Time 28/09/2015 20:25:23 | Alpine Housing Development Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2015, has transacted the following:
“RESOLVED that pursuant u/s 63 of the Companies Act 2013 and Article no 126,127 of the Articles of Association of the Company and subject to the consent of the members in general meeting, and in accordance with the guidelines of the Securities and Exchange Board of India, the Board of Directors of the Company do hereby recommend that a sum of Rs. 6,49,65,000 be capitalized out of Free reserve and set free for distribution amongst the equity shareholders by issue of 64,96,500 equity shares of Rs. 10/-each credited as fully paid to equity shareholders in the proportion of 1:1 ( One:One) equity share for every 64,96,500 equity shares held by them on the record date to be decided by the Board and that such new shares, as and when issued and fully Paid, shall rank pari passu with the existing equity shares." |
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