WELSPUN INDIA LTD. - Outcome of Board Meeting (Board approves Sub-division of equity shares)
02 Feb 2016
Welspun India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2016, has approved the sub-division of equity shares of the Company having a face value of Rs. 10 per share into ten equity shares having a face value of Re. 1 each. The sub-division of equity shares is subject to approval of shareholders and applicable statutory and regulatory approvals.<BR><BR>Further, the Board has also approved a notice of resolutions to be passed by way of Postal Ballot for approval of sub-division of equity shares of the Company from Rs. 10 per share to Re. 1 per share and incidental change of the Memorandum of Association of the Company.
Source:
BSE India