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| Exchange Disseminated Time | 8K Miles Software Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2012, has approved the followings:
1. The issue of Bonus shares to the existing shareholders of the Company in the ratio of 2 bonus shares for every 3 existing fully paid-up equity shares held, subject to consent of the shareholders in Extraordinary General Meeting, on such record date as will be decided by the Board or a Committee thereof. The new equity shares allotted as Bonus Shares shall be subject to the Memorandum and Articles of Association of the Company and shall rank pari passu in all respects with the existing equity shares of the Company.
2. The Notice to convene the Extraordinary General Meeting to be held at its Corporate Office, Chennai, on June 12, 2012 of the Shareholders of the Company to consider and approve the aforesaid matters in pursuant to relevant provisions of the Companies Act, 1956 and other rules and regulations of SEBI and other appropriate authorities. |
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