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Stock Split & Bonus issue Inter alia, has discussed, considered, approved and took on record following businesses: 1. Considered and recommended issue of Bonus equity shares: Issue of bonus equity shares in the ratio of 1:3 i.e., 3 (Three) bonus equity shares of Re. 10 (Rs. Ten) each for every 1 (one) equity share of Rs. 10 (Rs. Ten) each fully paid up held by the shareholders of the Company as on the record date, subject to the approval of shareholders through postal ballot. 2. Considered and recommended split of equity shares:- - Sub-division of 1(one) equity share of face value of Rs. 10/- (Rs. Ten Only) each fully paid-up into 10 (Ten) equity shares of face value of Re. 1/- (Rs. One Only) each fully paid-up held by the shareholders of the Company as on the record date, subject to the approval of shareholders through postal ballot. 3. Considered and recommended amendment to Capital Clause of Memorandum of Association: Amendment to the Capital Clause (Clause V) of the Memorandum of Association of the Company (MOA) to increase the authorised share capital of the Company from Rs. 20,00,00,000/- (Rs. Twenty Crore only) to Rs. 46,00,00,000/- (Rs. Forty-six Crore only), subject to the approval of shareholders through postal ballot; 4. The board discussed the matter of dividend and it will be considered and reviewed in upcoming quarters; 5. The board discussed the matter of proposed expansion of operations of the Company's subsidiary, A-1 Sureja Industries, into manufacturing and distribution of EV and allied clean mobility fields, including R&D, EV component manufacturing, and smart charging infrastructure; 6. To alter and amend object clause of the company for expansion of business of import and distribution of Sports equipment; Also initiate business of source, supply and contract manufacturing and manufacturing of pharmaceutical products to be supplied in the international market; subject to the approval of shareholders through postal ballot; 7. To take approval of members through postal ballot to increase its existing partnership interest/shareholding in A-1 Sureja Industries, a firm engaged in the manufacturing of battery-operated electric two-wheelers (EVs), from 45 % to 51 %; 8. Appointed National Securities Depository Limited (NSDL) as Remote E-Voting Agency for resolutions proposed to be passed by shareholders through postal ballot; 9. Considered and approved appointment of Ms. Dhara Panara, Practicing Company Secretary, Ahmedabad as Scrutinizer for conducting the postal ballot process by electronic means (remote evoting) and postal ballot; 10. Considered and approved draft notice of postal ballot including Explanatory statement and calendar of events of postal ballot for seeking approval of members regarding bonus issue, amendment in Alteration of Memorandum of association to increase authorised share capital, Split of shares, amendment in object clause of the company, Investment in A-1 Sureja Industries.
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