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The Board of Directors of the Company, at its meeting held today, have recommended to the shareholders for their approval, through postal ballot:\r\n\r\ni. issue of bonus shares in the ratio of 1:1 i.e. 1 (one) new fully paid-up equity share of ? 10/- (Rupees Ten Only) each for every 1 (one) existing fully paid-up equity share of ? 10/- (Rupees Ten Only) each, to the eligible equity shareholders of the Company as on the record date, by capitalization of securities premium received in cash and / or general reserve and / or retained earnings;\r\nii. increase in the Authorised Share Capital of the Company from Rs. 15,000 crore to Rs. 50,000 crore.\r\n
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