Banco Products Board to consider bonus issue

Banco Products India Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 28, 2007, inter alia, to consider the following:

1. The proposal of issue of Equity Shares of Rs 10/- on preferential basis to the Foreign Collaborators of the Company, subject to SEBI (Disclosure & Investor Protection) Guidelines, 2000 for preferential Issue as applicable, approval of shareholders and such other approvals as may be necessary in this regard.

2. Book Closure of the Company for the purpose of Final Dividend as recommended by the Board of Directors.

3. The Date of Annual General Meeting for the financial Year ended on March 31, 2007.

4. Consideration of proposal for the Bonus Issue.

Source : Equity Bulls

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