At meeting held on 18 November 2014
SRS Real Infrastructure announced that the Board of Directors of the Company at its meeting held on 18 November 2014 has decided the following matters:1. Considered and approved the Bonus Issue of Equity Shares to the existing shareholders in the ratio of 1:1. subject to the requisite approval of the shareholders and other competent authorities.
2. To absorb the bonus issue, decided to increase the Authorized Share Capital of the Company from Rs. 25 crore to Rs. 65 crore.
3. Adopted the Postal Ballot Notice in terms of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 for Issue of Bonus Shares and Increase in Authorised Share Capital.
For ascertaining the names of the Shareholders for dispatch of Postal Ballot Notice, the Board has taken the cutoff date as 21 November 2014.
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