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| Exchange Disseminated Time 31/08/2015 20:25:50 | Ruby Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2015, inter alia, has decided the following :
1. Mr. Gunvantrai A. Sanghrajka is appointed as an Additional Director of the Company in the category of Independent director;
2. The date of the 99th Annual General Meeting of the Members of the Company has been changed from September 24, 2015 to September 30, 2015 at 4.30 p.m.
3. Issue of Bonus equity shares in the ratio of 1:1 i.e. 1 new equity share against one equity share held of Rs. 5/- each, subject to approval by the shareholders at the ensuing Annual General Meeting and the Record dale will be announced separately. The bonus shares will be credited to the account of the beneficiary owner/ dispatched on or before October 30, 2015.
4. With the proposed issue of bonus shares the issued, subscribed and paid-up Capital of the Company will increase from Rs. 4,18,00,000 (Rupees Four Crore Eighteen lacs only) divided into 83,60,000 equity shares of Rs. 5/- each to Rs. 8,36,00,000 (Rupees Eight Crore Thirty Six Lacs only) divided into 1,67,20,000 equity shares of Rs 5/- each.
5. In order to the proposed bonus issue, the Authorised Share Capital, of the Company, subject to the approval by the shareholder of the Company will be increased from Rs. 5,00,00,000/- consisting of 1,00,00,000 (One Crore) Equity Shares of Rs. 5/- each to 10,00,00,000 consisting of 2,00,00,000 (Two Crore) Equity Shares of Rs. 5/- each. |
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