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| Exchange Disseminated Time 14/11/2016 19:50:51 | Advance Syntex Ltd has informed BSE that the Board of Directors of the Company at their adjourned meeting held on November 14, 2016, (original meeting held on October 17, 2016) have considered the following business.
1. The Board considered and approved increase in authorized capital of the Company from Rs. 8.00 Crore to Rs. 9.25 Crore.
2. The Board considered and approved alteration of Memorandum of Association of the Company to give effect to aforesaid increase in authorized share capital.
3. The Board recommended issue of bonus shares in proportion of 3:20. (i.e. recommended 3 equity shares as bonus shares for every 20 equity shares held)
4. For availing approval of shareholders for the matter referred to in (1), (2) and (3) above, the meeting of the shareholders of the Company is scheduled on December 16, 2016. |
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