Corporate Announcement
Security Code : 505688    Company : BHARATGEAR    
 
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  Exchange Received Time  26/03/2018 16:41:43         Exchange Disseminated Time   26/03/2018 16:41:50              Time Taken   00:00:07
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 ('the Regulations'), this is to inform that the Board of Directors of the Company at its Meeting held on March 26, 2018 considered and approved the re-classification of Share Capital as per the following details, subject to the approval of Shareholders in General Meeting/Postal Ballot:

Cancellation of 10,00,000 (Ten Lakhs)Cumulative Redeemable Convertible or Non-Convertible Preference Shares of Rs. 100/- (Rupees Hundred) each and creation/addition of 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- (Rupees Ten) each in lieu thereof.

You are requested to kindly take the same on records.

 

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