G M Polyplast Ltd - Corporate Action-Board recommends Bonus Issue

It is hereby brought to the notice that a meeting of the Board of Directors have recommended, issue of Bonus Share in the ratio 6 (Six) fully paid-up equity shares for every 1 (One) existing full paid-up equity share held by the shareholders, subject to the approval of the members of the Company, i.e. issue upto 1,15,36,800 (One Crore Fifteen Lakhs Thirty Six Thousand Eight Hundred Only) equity shares of INR 10/- (Indian Rupees Ten Only) each as bonus shares of an aggregate nominal value up to INR 11,53,68,000 /- (Indian Rupees Eleven Crore Fifty Three Lakhs Sixty Eight Thousand Only), as bonus shares to the shareholders out of the Securities Premium Account of the company for distribution among the holders of existing fully paid equity shares of INR 10/- (Indian Rupees Ten Only) each of the company.