Brady & Morris EGM to approve bonus issue

Brady & Morris Engineering Company Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on November 24, 2006, for capitalization of a sum of Rs 75,00,000/- out of credit balance standing in the Profit & Loss Account of the Company and set it free for distribution amongst the shareholders registered, on Register of Members of the Company as members as on record date as may be fixed by the Board in consultation with the Stock Exchange and be applied for issue and allotment of 7,50,000 fully paid Bonus Equity Shares of Rs 10 each amongst such Shareholders in the ratio of 1 new Equity Share for every 1 existing issued Equity Share, subject to necessary provisions and approvals.

Source : Equity Bulls

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