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| Exchange Disseminated Time 10/08/2017 16:57:01 | Moil Ltd has informed BSE that the Board of Directors of' the Company in their meeting held on August 10, 2017, inter alia, has approved / recommended:
1. Issue of Bonus shares in the ratio of (1:1) one equity share for each share held, subject to the approval of the shareholders.
2. Increase in Authorized share capital from Rs. 250 crores to Rs. 300 crores, divided into equity shares of Rs. 10 each and Change in the Memorandum of Association of the Company. subject to the approval of the shareholders.
With regard to proposals related to issue of Bonus Shares and increase in authorised share capital, it is further to inform that these were not part of the agenda of the Board meeting held on August 10, 2017 and were decided by the Board at the meeting.
Further the Company has informed that, the Bonus Shares shall not be entitled for dividend to be declared at ensuing Annual Meeting of the Company, if declared/approved by the shareholders. |
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