Board of HCL Technologies recommends issue of bonus shares in ratio of 1:1

At meeting held on 30 January 2015

HCL Technologies announced that the Board of Directors of the Company at its meeting held on 30 January 2015, inter alia, has recommended the following proposals for the approval of the shareholders by way of postal ballot.

1. Issue of bonus shares on the Company's equity shares in the ratio of 1:1 i.e. one additional equity share for every one equity share held by the members on the record date to be fixed for this purpose.

2. Increase in the Authorized Share Capital from Rs. 150 crore to Rs. 300 crore and consequential alteration in the Memorandum of Association of the Company.

 

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