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Stock Split & Bonus issue Inter alia, have been considered, approved, and taken on record by the Board of Directors: 1. Sub-division of equity shares from face value of Rs.10/- each to face value of Rs.02/- each: Sub-division of equity shares of the Company, such that 1 (One) equity share having face value of Rs.10/- (Rupees Ten Only) each, fully paid-up, be sub-divided into 5 (Five) equity shares having face value of Rs.02/- (Rupee Two Only) each fully paidup held by the shareholders of the Company as on the record date, to be determined later. 2. Alteration of Capital Clause of the Memorandum of Association of the Company Subsequent to Sub-Division of Equity Shares: Alteration of Clause V of the Memorandum of Association of the Company to reclassify the authorized share capital of the Company, subsequent to Sub-Division (Split). Accordingly, the existing Clause V shall stand replaced to provide that the authorized share capital of the Company is Rs.55,00,00,000/- (Rupees Fifty-Five Crores Only), divided into 27,50,00,000 (Twenty-Seven Crore Fifty Lakh) equity shares of face value of Rs.2/- (Rupee Two Only) each, subject to approval of the Members and applicable statutory authorities, if any. 3. Increase in Authorized Share Capital and Consequent Alteration to the Capital Clause of the Memorandum of Association: Increase the authorized share capital of the Company from Rs.55,00,00,000/- (Rupees Fifty-Five Crore Only), divided into 27,50,00,000 (Twenty-Seven Crore Fifty Lakh) equity shares of Rs.2/- (Rupees Two Only) each, to Rs.1,10,00,00,000/- (One Hundred and Ten Crore Only) by creation of additional equity shares to the tune of 27,50,00,000 (Twenty-Seven Crore Fifty Lakh) equity shares of Rs.2/- (Rupees Two Only) each, aggregating to 55,00,00,000 (Fifty-Five Crore) equity shares of Rs.2/- (Rupees Two Only) each, subject to approval of the Members of the Company and other applicable statutory approvals, if any 4. Issue of Bonus Shares in the ratio of 1:1: Issue of bonus equity shares in the ratio of 1:1 i.e., 1 (One) bonus equity shares of Rs. 02/- each for every 1 (one) equity share of Rs.02/- each fully paid-up held by the shareholders of the Company as on the record date, to be determined later. 5. Approved the Notice of Postal Ballot for seeking approval of the Members of the Company and other matters incidental thereto. 6. Appointment of M/s. K.P. Ghelani & Associates, Practicing Company Secretaries as a scrutinizer for the purpose of conducting the Postal Ballot and e-voting process, in a fair and transparent manner and for submission of the Scrutinizer s Report thereon.
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