Brady & Morris Board approves 1:1 bonus issue

Brady & Morris Engineering Company Ltd has announced that the Board of Directors of the Company at its meeting held on September 23, 2006 has decided to issue Bonus Shares in the ratio of one share for every share held by utilizing the free reserves under Reserves & Surplus by way of amount lying in the Profit and Loss Account of the Company.

Further the Company has informed that the authorized Share capital of the Company is Rs 250 Lacs. While the existing issued, subscribed & fully paid up equity share capital is Rs 75 Lacs, consequent to the issue of said Bonus shares in the ratio of one share for every share held, the subscribed & fully paid up equity share capital of the Company will increase to Rs 150 Lacs.

Source : Equity Bulls

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