Board of Venkys (India) recommends bonus issue

At meeting held on 14 September 2015

Venkys (India) announced that the Board of Directors of the Company at its meeting held on 14 September 2015, inter alia, has considered and recommended a bonus issue of equity shares in the ratio of one equity share for every two equity shares held, as on the record date to be determined by the Board.

The bonus issue of equity shares will be subject to approval by the shareholders, through postal ballot and the record date will be announced separately. The bonus issue will be made by way of capitalisation of such sum standing to the credit of capital redemption reserve, securities premium account and general reserves of the Company, as may be considered necessary by the Board.

The above proposal for issuance of bonus shares was not part of the agenda to the Board meeting held on 14 September 2015 and was decided at the Board Meeting.

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