Jagran Prakashan AGM approves 1:5 bonus issue

Jagran Prakashan Ltd has announced that the members at the 30th Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have approved the increase in Authorized Share Capital from Rs 55 Crores to Rs 75 Crores and thereby, subsequent alteration in Memorandum of Association and Articles of Association.

Issue of Bonus Shares in the ratio of 1 Bonus Share of Rs 10/- each for every 5 existing Equity Shares of Rs 10/- each to those members whose name stand on the Register of Members as on the record date.

Alteration in the Articles of Association that the unpaid and unclaimed dividend shall be dealt with in accordance with Section 205A and Section 205C and no unclaimed or unpaid dividend shall be forfeited by the Board.

Source : Equity Bulls

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