At meeting held on 28 January 2016
Tide Water Oil Co (I) announced that the Board of Directors of the Company at its meeting held on 28 January 2016, inter alia, has :1. Declared split of every 1 (one) share of the Company having face value Rs. 10/- each into 2 (two) shares of face value Rs.5/- each, subject to approval of the shareholders.
2. Declared bonus shares to the existing shareholders in the ratio of 1:1, subject to approval of the shareholders.
3. Decided to amend respective clauses of the Memorandum and Article of Association, in connection with increase of authorized share capital of the Company from Rs. 3 crore to Rs. 20 crore, subject to approval of the shareholders.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app