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| Exchange Disseminated Time | North Eastern Carrying Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 03, 2012, approved the following subject to the Share Holders approval at the Extra-ordinary General Meeting:-
1. Increase in the Authorised Capital of the Company.
2. Issue of Bonus Equity Shares in the ratio of 3:1 i.e. 3 (Three) Equity Shares for every (1) one Equity Share held.
3. Formation of Subsidiary Company to provide a distinct platform for distribution of various products across India. |
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