GLOSTER LTD - Board approves Bonus Issue

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Gloster Ltd - Board approves Bonus Issue

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29 Mar 2016
Gloster Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 29, 2016, inter alia, has considered, approved and decided to issue bonus shares of face value of Rs. 10/- each, to all the equity shareholders of the Company, and accordingly approved the following:<BR><BR>1. Issue of Bonus Equity Shares in the ratio of 1:1, i.e. 1 (One) Bonus Share for every existing 1 (One) fully paid-up Equity Share of face value of Rs. 10/- each of the Company by way of capitalization of Free Reserves subject to the approval of the shareholders through Postal Ballot in compliance with applicable provisions of the Companies Act, 2013, read with the rules notified & Chapter IX of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto.<BR><BR>2. Approved the draft copy of Notice to be sent to the Shareholders of the Company for their approval pursuant to the applicable Section of the Companies Act, 2013, along with the Explanatory Statement, Postal Ballot Form, Calendar of Events and Newspaper Advertisement as placed before the Board.<BR><BR>3. Approved the appointment of Ms. Sweety Kapoor , Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.<BR><BR>4. Approved the appointment of Sri Ajay Kumar Agarwal, as the Compliance Officer for the purpose of issue of bonus shares of the Company.
View all announcements for Gloster Ltd	Source: BSE India

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