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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 03, 2011, has considered and approved the following:
1. Issue of Bonus Shares:
The Chairman recommended the board for issue of Bonus Shares to the shareholders of the Company at the ratio of 1:1 i.e. one equity share for every equity share held, which was approved by the board and following resolution was passed unanimously:
Resolved that pursuant to Article 123 of Articles of Association of the Company and subject to consent of shareholders in the General meeting and in accordance with the guidelines of the Securities and Exchange Board of India, the Board do hereby recommend a sum of Rs. 174025000 be capitalized out of General Reserve as at March 31, 2010 and distributed by way of issuing 174025000 equity shares of Re. 1/- each credited as fully paid bonus shares to the holders of the existing equity shares in proportion of 1 equity share for every 1 equity shares held by them as on record date to be decided by the board.
2. Deciding date of EGM-
Further resolved that an Extraordinary General Meeting of the Company be called on March 29, 2011 for the purpose of ratification of above. |
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