Yashraj Securities Board recommends stock split, bonus issue & dividend

Yashraj Securities Ltd has announced that the Board of Directors of the Company at its meeting held on June 10, 2007, inter alia, has transacted the following:

1. The Directors of the Company has recommended Dividend @ 10% on Equity Capital of the Company.

2. The Directors has also recommended Bonus Issue of shares in the ratio of Five New Equity shares for each existing shares of the Company.

3. The Board has also decided to split the face value of equity shares of the Company from Rs 10 per share to Rs 2 per share.

4. The Company has decided to change the name of the Company to "Sun Realty Infra Ltd", approval for which has been received from the Registrar of Companies Maharashtra.

Source : Equity Bulls

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