JIK Industries to re-consolidate Re.1 shares to Rs.10

JIK Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 08, 2006 has approved that all the existing equity shares of value of Re 1/- each comprised in the authorized capital of the Company, both issued and un-issued be consolidated into one Equity share of value of Rs 10/- each fully paid up by consolidating every 10 fully paid equity share of Re 1/- each into one Equity Share of Rs 10/- each, consolidation shall take effect from the date to be decided by the Board of Directors of the Company or of a committee thereof, subject to the approval from Shareholders and concerned authorities.

Source : Equity Bulls

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