Board of Britannia Industries approves sub-division of shares

At meeting held on 23 August 2018

The Board of Britannia Industries at its meeting held on 23 August 2018 approved the sub-division of face value of equity shares of Rs.2/- each into Re.1/- each, subject to approval of Members.

The Company vide its letter dated 6th August 2018, had announced the Issue of Secured Redeemable Non- Convertible Debentures as Bonus Debentures of Rs.60 in the ratio of 1 (one) Bonus Debenture for every 1 (one) equity share of Rs. 2/- each held by the shareholders of the Company, on a Record date as may be decided, subject to the approval of National Company law Tribunal, Kolkata and any other approval as may be required.

 

In view of the of sub-division of equity shares, the value of Secured Redeemable Non- Convertible Debentures as Bonus Debentures stands revised to Rs. 30/- each in the ratio of 1 (one) Bonus Debenture for every 1 (one) equity share of Re. 1/- each held by the shareholders of the Company, on a Record date as may be decided, subject to the approval of National Company law Tribunal, Kolkata and any other approval as may be required.

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