Vishnu Sugar members approves 1:1 Bonus Issue

Vishnu Sugar Mills Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on September 14, 2006, inter alia, has approved the following:

1. Increase in Authorized Capital from Rs 120.00 lacs to Rs 240.00 lacs.

2. Issue of Bonus Equity shares in the capital of the Company in the ratio of 1 Equity Shares for every 1 Equity Shares held by the members.

Issue of Bonus Shares will result in increase in paid up capital from its present Rs 120.00 lacs to Rs 240.00 with addition of 120000 Equity Shares of Rs 100/- each.

Source : Equity Bulls

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