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Exchange Disseminated Time | Bharat Gears Ltd has informed BSE that the Committee of Board at its meeting held on November 16, 2005, inter alia, has approved the following :
1. To offer for subscription at cash, issue and allot equity shares to the existing shareholders / members of the Company on Rights Basis in the ratio/proportion of 3 equity shares for every 10 existing shares of Rs 10/- each, at a premium of Rs 30/- pre share, subject to the approval of the shareholders/members in ensuing General Meeting.
2. The Notice calling the Extra-ordinary General Meeting of members scheduled on December 14, 2005. |
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