Signet Industries recommends bonus issue

capital market | Mumbai |

To increase authorised share capital

The board of Signet Industries in its meeting on 14 October 2010 has decided to increase the authorised share capital of the company from Rs. 5 crore to Rs. 35 crore.

Further, the board has approved to issue 5 fully paid bonus equity shares of Rs. 10 each for every 1 existing fully paid equity share held in the company, subject to approval of members.

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