Bharat Gears Limited has informed the Exchange about Board Meeting held on 24-Aug-2022 to consider Bonus Shares to the members of the Company by way of capitalization of reserves.We wish to inform you that the Board of Directors of the Company, in its Meeting held on Wednesday, August 24, 2022, inter alia, considered and approved the issue of Bonus Shares to the members of the Company by way of capitalization of reserves in the ratio of 1:2 i.e. issue of 1 (One) Equity Share for every 2(Two) Equity Shares held by the members whose names appear in the Register of Members or as the beneficial owner(s) of the Equity Shares of the Company, in the records of the Depositories, on the close of business on the Record Date being September 13, 2022, subject to the members of the Company in the ensuing Annual General Meeting.The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 09, 2015 are enclosed.The meeting of the Board of Directors of the Company commenced at 02:30 P.M. and concluded at 02:55 P.M.You are requested to take the above details on record and bring it to the notice of all concerned.
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