Bemco Hydraulics to issue shares on rights basis

Bemco Hydraulics Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 30, 2006, inter alia, to consider the following:

1. To take on record the Provisional Half yearly Results Financial of the Company for the period ended On September 30, 2006.

2. A proposal to issue Right Shares on 1:2 basis of Rs 1,29,34,000/- and to approve the Notice of Extra Ordinary General Meeting for getting the consent / approval by the members, to issue the Right shares on 1:2 basis.

3. To review the performance of the Company for the current financial year.

Source : Equity Bulls

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