Mefcom Agro Industries Board approves Bonus issue ratio

Mefcom Agro Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 31, 2007 has approved issue of Bonus shares in the ratio of 21:10 i.e., 21 bonus shares to Shareholders who are holding 10 equity shares & to increase Authorised Share Capital of the Company upto Rs 10,50,00,000. The Board has approved the Agenda of EGMs to be held as stated below.

Agenda approved:

1. Issue of Bonus Shares in the ratio of 21:10 equity shares i.e., 21 bonus shares to Shareholders who are holding 10 equity shares.

2. Issue of Shares on preferential basis.

3. Issue of Forfeited 46145 Equity Shares.

4. Increase in Authorised Share Capital of the Company upto Rs 10,50,00,000/-.

Further the Company has informed that, an Extraordinary General Meeting (EGM) of the members of the Company will be held on March 10, 2007.

Source : Equity Bulls

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