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| Exchange Disseminated Time | Byke Hospitality Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, has considered and transacted the following business:
1. The Board took note of addition of property "The Byke Grassfields" at Jaipur and launch of new Web portal WWW.TRIPDEAL.CO.IN.
2. The Board has considered and recommended issue of Bonus Equity Shares in the ratio of 1:1 (that 1 (one) Bonus Equity Share for every 1 (one) fully paid-up Equity Shares of Rs. 10/- each) by capitalisation of it's Reserves, subject to the approval of the members in the ensuing Annual General Meeting.
3. The Board has considered and approved to increase the Authorised Share capital of the Company from Rs. 21 Crores to Rs. 41 Crores so as to issue Bonus Equity Shares, subject to the approval of the members in the ensuing Annual General Meeting.
4. The Board has decided to hold the 24th Annual General Meeting of the Company on September 27, 2014 at Mumbai. |
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