Jaybharat Textiles Board approves Stock Split

Jaybharat Textiles & Real Estate Ltd has announced that the Board of Directors of the Company at its meeting held on November 30, 2006, has considered and approved the following:

1. The new Real Estate Projects at multiple cities.

2. Proposed split of face value of equity shares of the Company from Rs 5/- to Rs 2/- per share. The shareholders holding 100 shares of Rs 5/- each will get 250 shares of Rs 2/- each after the approval of members at the Extra Ordinary General Meeting.

3. The Notice of Extra Ordinary General Meeting to be held on December 26, 2006 for passing the resolution for split of face value of equity shares, has been approved by the Board.

Source : Equity Bulls

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