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ASM TECHNOLOGIES LTD. - Board approves Bonus Issue
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30 Dec 2020
ASM Technologies Ltd has informed BSE that the Board of Directors of the Company at their meeting held on December 30, 2020, inter alia, has approved the following, subject to approval of the Shareholders of the Company (through Postal Ballot and e-voting):&lt;BR&gt;&lt;BR&gt;1. Increase in authorized share capital of the Company from Rs. 70,000,000/- (Rupees Seven Crore) to Rs. 150,000,000/- (Rupees Fifteen Crores Only) by creation of additional 8,000,000 (Eighty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each and consequent amendment to Clause V of the Memorandum of Association and Article 5 of the Article of Association of the Company.&lt;BR&gt;&lt;BR&gt;2. The issuance of fully paid up Bonus Share in the ratio of 1:1 i.e. 1 (One) Bonus Equity Share of Rs. 10/- (Rupees Ten only) each for every 1 (One) fully paid up Equity Share of Rs. 10/- (Rupees Ten only) each. The Company will intimate the ?Record Date? for determining eligible Shareholders entitled to receive Bonus Shares in due course.
View all announcements for ASM TECHNOLOGIES LTD. Source: BSE India

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