SRS Real Infrastructure Board approves Bonus Issue

The board has considered to absorb the bonus issue, decided to increase the Authorized Share Capital of the Company from Rs. 25 Crores to Rs. 65 Crores

Nov 18, 2014 08:11 IST India Infoline News Service

SRS Real Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on November 18, 2014 have Considered and approved the Bonus Issue of Equity Shares to the existing shareholders in the ratio of 1:1. subject to the requisite approval of the shareholders and other competent authorities.
The board has considered to absorb the bonus issue, decided to increase the Authorized Share Capital of the Company from Rs. 25 Crores to Rs. 65 Crores and Adopted the Postal Ballot Notice in terms of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 for Issue of Bonus Shares and Increase in Authorised Share Capital.
For ascertaining the names of the Shareholders for dispatch of Postal Ballot Notice, the Board has taken the cutoff date as November 21, 2014.

Related Story