Bharat Seats Board to recommend bonus issue, stock split & final dividend

Bharat Seats Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 13, 2007, inter alia, to consider the following:

1. To consider and approve the Audited Financial Results for the year ended March 31, 2007.

2. To consider and recommend final dividend, if any, for the year ended March 31, 2007.

3. To consider the recommendation of issue of Bonus Shares.

4. To consider the recommendation for sub-division of equity shares from the present face value of Rs 10/- share.

5. To recommend the amendment in the Memorandum and Articles of Association, consequent to sub-division of shares.

The shares were trading up by Rs.9.15 or 9.96% at Rs.101 on volume of 3984 shares.

Source : Equity Bulls

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