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| Exchange Disseminated Time | Signet Overseas Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 30, 2009, inter alia, have transacted the following business :
1. Accorded to capitalize Rs. 3,24,30,000/- (Rs. Three Crores Twenty Four Lacs Thirty Thousand Only) standing to the credit of Profit & Loss Account as at March 31, 2009 and to transfer from Profit & Loss Account to Share Capital and the aforesaid sum of Rs. 3,24,30,000/- (Rs. Three Crores Twenty Four Lacs Thirty Thousand Only) be applied for allotment of bonus shares to the persons who, on a record date to be hereafter fixed by the Director(s), shall be to the holders of the existing 1 (One) equity shares of Rs. 10/- each and such 2 (Two) new equity shares out of the Company’s unissued equity shares, credited as fully paid, be accordingly allotted as bonus shares to such persons respectively as aforesaid, in the proportion of 2 (Two) new equity shares for every 1 (One) existing equity share held by such persons respectively on the said date, upon the footing that they become entitled thereto for all purposes as capital, subject to necessary provisions & approvals.
2. Changed of the name of the Company from "SIGNET OVERSEAS LTD" to "SIGNET INDUSTRIES LTD". |
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