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| Exchange Disseminated Time | Orissa Minerals Development Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2012, inter alia, has discussed the following items:
1. Sub-division / split of face value of shares of The Orissa Minerals Development Company Limited.
- The Board approved the proposal for Sub-division / split of existing equity shares of the Company having nominal value of Rs. 10/- (Rupees Ten) per equity share into 10 equity shares having nominal value of Rs. 1/- (Rupee One) per equity share.
The Board accorded approval subject to obtaining approval of the shareholders at the AGM.
2. Proposal for Capital Restructuring of the Company by issue of Bonus Shares
- The Board approved the engagement of Merchant Banker for examining the various aspects relating to the capital restructuring of the Company by issue of Bonus Shares.
3. Proposal for merger of The Bisra Stone Lime Company Limited (BSLC) with The Orissa Minerals Development Company Limited.
- The Board approved the engagement of Merchant Banker for studying the possibility of different aspects of merger and submit their report in this regard. |
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