Hazoor Media EGM to approve bonus issue

Hazoor Media & Power Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on November 24, 2006, inter alia, to capitalize an appropriate amount lying to the credit of Share Premium Account and / or General Reserves and / or accumulated balance in the Profit & Loss Account of the Company towards issue of Bonus Shares in proportion of One New Equity Shares of Rs 4/- each as against every One existing Equity Share of Rs 4/- fully paid-up in the paid-up Share Capital of the Company, to the holders of the existing equity shares of the Company whose names appear in the Register of Members of the Company on the Record Date as may be determined by the Board in consultation with the Stock exchanges, subject to the condition that the recipients of such bonus shares shall become entitled to the new Equity Shares as capital and not as income, subject to necessary provisions and approvals.

Source : Equity Bulls

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