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Sah Petroleums Ltd. - Board approves Bonus Issue (EGM on June 28, 2013)

By Religare
|

Sah Petroleums Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2013, have approved the following decisions:

1. Approved an issue of bonus shares to the Non Promoter Shareholders in the ratio of 23:19 i.e. 23 bonus equity share of Rs. 5/- each for every 19 existing fully paid equity shares of Rs. 5/- each in order to comply with minimum public shareholding requirement under clause 40A of the listing agreement, subject to approval of the shareholders at the ensuing Extraordinary General Meeting.

2. Approved an increase in Authorised Share Capital from Rs. 22.00 Crores to 26.00 Crores for the purpose of issue of bonus shares to the Non Promoter Shareholders, if any, subject to approval of the shareholders at the ensuing Extraordinary General Meeting.

3. Approved amendments in Memorandum & Articles of Association for increase in authorized share capital of the Company.

4. Considered an Extraordinary General Meeting of Members of the Company will be held on June 28, 2013 at 11.00 A.M. at M.C. Ghia Hall, Bhogilal Hargovindas Building, 18/20, Kaikhushru Dubash Marg, Mumbai - 400 001 for shareholders approvals for bonus issue, and amendments in memorandum & articles of the Company.







Read more about: sah petroleums
Story first published: Friday, May 24, 2013, 23:40 [IST]
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