Hazoor Media Board approves 1:1 bonus issue

Hazoor Media & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 04, 2006, inter alia, has considered and approved the following:

1. Allotment of 7,90,000 Equity shares of Rs 4/- each fully paid up consequent to exercise for conversion of 7,90,000 Share Warrants into equity Shares.

2. Recommended Issue of bonus shares in the ratio of 1:1 (One Equity Share of Rs 4/- each fully paid up for every one Equity share of Rs 4/- each held in the Company). The record date for issue of bonus shares shall be decided after obtaining consent of the members of the Company.

Source : Equity Bulls

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