FINEOTEX CHEMICAL LTD. - Board approves Bonus Issue

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FINEOTEX CHEMICAL LTD. - Board approves Bonus Issue

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15 Dec 2014
Fineotex Chemical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2014, have discussed and considered the under mentioned matters: -<BR><BR>1. Board has approved the resolution for increase in Authorized Share Capital of the company from Rs. 130,000,000 to Rs. 230,000,000 and the same have been recommended to Members.<BR><BR>2. In view of the above increase in Authorised share capital. Board has also approved and recommended to the members the alteration in Memorandum and Articles of Association.<BR><BR>3. Board has approved the Issue of Bonus Shares to the existing Shareholders in the proportion of 1 (One) equity share for every 1 (one) existing equity share held by the Members.<BR><BR>4. Board has approved to pass the above proposed members resolution through postal ballot and through e-voting facility and accordingly approve the draft notice to be sent to all the members along with Ballot Form.<BR><BR>5. Board has approved that the above said Postal Ballot Notice is to be sent to all members whose names are appeared in the register of members as on December 19, 2014.<BR><BR>6. Board has approved the Resolution for appointment of C.S. Mohammed Aabid of Aabid & Co., Company Secretary, as scrutinizer for ascertaining the results of Postal Ballot/e-voting process.<BR><BR>7. Board has approved that the signed Ballot Forms should be received back from Members till January 15, 2015 and the period for e-voting facility will be mentioned in notice and Ballot Form.<BR><BR>8. Board has given authority to Compliance officer Mr. Abhay Vasant Nerurkar and Mr. Sanjay Surendra Tibrewala and Managing Director Mr. Surendra Deviprasad Tibrewala to make application to BSE for in-principle approval for Bonus Issue.
View all announcements for FINEOTEX CHEMICAL LTD.	Source: BSE India

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