Bampsl Securities Board recommends dividend, bonus issue & right issue

Bampsl Securities Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2007, inter alia, has transacted the following:

1. Recommended the final dividend of 2% of face value of the equity shares subject to the approval of the shareholders in the ensuing Annual General Meeting.

2. Recommended to issue fully paid-up Bonus equity shares of Rs 1/- each in proportion of 2 new equity shares for every 5 fully paid-up existing equity shares, subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.

3. Recommended to issue Right Equity Shares in proportion of 2 Equity Right Shares for every 1 Equity Shares held as on a date and price to be hereafter fixed by the Board of Directors, Subject approval of the shareholders in the ensuing Annual General Meeting of the Company.

Source : Equity Bulls

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