Gloster Ltd - Share Issue & Allotment Committee Meeting on May 24, 2016

Gloster Ltd has informed BSE that the meeting of the Share Issue & Allotment Committee of Board of Directors of the Company will be held on May 24, 2016, inter alia, to consider allotment of 52,33,440 Bonus Equity Shares of face value of Rs. 10/- each, in the ratio 1:1, i.e., 1 (One) Bonus Share for every 1 (one) existing fully paid-up equity share of face value of Rs. 10/- each held by the shareholders in the Company, pursuant to the Record Date fixed as May 23, 2016, and in compliance with Chapter IX of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto.