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| Exchange Disseminated Time | Nitta Gelatin India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2013, approved the ESPS scheme subject to the approval of SEBI and General Body of Shareholders, for issue of equity shares not exceeding One Lakh in nos. to the permanent employees of the Company who stood in the rolls of the Company as on the date of EGM i.e. May 29, 2013.
The Board recommended a Bonus issue of shares in the ratio of 1:3 i.e. one share for every existing 3 shares in the name of shareholders except promoters and promoter group on the record date to be decided by the Board in consultation with the stock Exchange. The said recommendation of Bonus Shares is also to be considered for approval by the General Body on May 29, 2013. |
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