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| Exchange Disseminated Time | AVT Natural Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2013, inter alia, has discussed and approved the issue of Bonus Shares in the ratio of 1:1 (One equity share for every equity share held on the record date to be fixed later). This subject was not on the original agenda circulated to the Board before the meeting. This was discussed and decided as an additional item after the other routine items mentioned in the Agenda.
The items approved by the Board are as follows
1. Capitalisation of Reserves for issue of Bonus shares as mentioned above
2. Increase the authorized equity share capital of the Company from Rs. 7,99,00,000/- to Rs. 15,99,00,000/-.
3. Consequential amendments to Memorandum of Association and Articles of Association of the Company.
4. Conduct of Postal Ballot for increasing the authorized share capital, issue of bonus shares, amendment of Memorandum of Association and Articles of Association of the Company. |
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