Board of Ishan Dyes & Chemicals recommends bonus issue

At meeting held on 29 December 2016

Ishan Dyes & Chemicals announced that the Board of Directors of the Company at their meeting held on 29 December 2016, inter alia, has considered and approved following :

1. Increase in the Authorized Share Capital of the Company and consequently alteration in the Capital Clause of the Memorandum of Association of the Company, subject to the Shareholders approval.

2. Recommended the Issue of Bonus Equity Shares to the existing Shareholders of the Company in the ratio of 1 (One) new equity share of Rs. 10/- each fully paid up as a Bonus Share for every 2 (Two) existing equity shares of Rs. 10/- each fully paid up of the Company, subject to the Shareholders approval. The bonus shares will be issued to the existing shareholders as per their equity shareholding on the record date which will be intimated separately.

Powered by Capital Market - Live News