KLG Systel to issue 1:1 bonus

The board of directors of KLG Systel, which met today, has recommended bonus shares in the ratio of 1:1 i.e. one new fully paid up equity share of Rs 10 each for each fully paid up share of Rs 10 held by the shareholders. This was announced in a release issued by KLG Systel to the BSE today.

"The board has scheduled an extra-ordinary general meeting on January 12, 2006," the release added.