At meeting held on 27 July 2017
Tata Elxsi announced that the Board at its meeting held on 27 July 2017 has, subject to the approval of the shareholders, recommended the capitalization of its reserves for issuance of Bonus Shares to the shareholders in the ratio of 1 (one) bonus equity share of Rs. 10/- each fully paid-up for every 1(one) existing equity share of Rs. 10/- each fully paid-up (in the ratio of 1:1) held by the shareholders as on the "Record date" to be fixed for the purpose.The Company would seek the approval of its shareholders of the Bonus Issue and for increase in of its Authorised Share Capital by way of postal ballot.
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