The board of Directors of Loyal Equipments Ltd in their meeting held on September 29, 2017 allotted 34,00,000 (Thirty four lacs) bonus equity shares of Rs. 10 each in the ratio of 1:2 i.e. 1(one) equity shares for every 2(two) equity shares of Rs. 10 each held as per the entitlement of the Members of the company, as on Record date i.e. September 28, 2017.