Swasti Vinayaka Finvest EGM decides to issue bonus shares in the ratio of 1:2

Swasti Vinayaka Finvest Corporation Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on September 01, 2006, inter alia, have resolved to capitalize a sum of Rs 100,00,000/- being a part of the undistributed profits of the Company standing to the credit of its General Reserve and that the said amount be applied in paying up in full at par 100,00,000 equity shares of Re 1/- each in the capital of the company to be allotted and distributed as fully paid bonus shares to and amongst the Members who are on the company’s Register of Members of the equity shares on such date as may be determined by the Board of Directors of the company to the holders of the existing 200,00,000 issued and paid up equity shares of the company in the proportion of 1 new equity share for every 2 issued and paid up equity share held by them, respectively on the said date on the footing that they become entitled to their new equity shares as capital and not as income, subject to necessary provisions & approvals.

Source : Equity Bulls

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