Maithan Alloys Bonus Issue
Maithan Alloys Ltd has announced that the Board of Directors of the Company at its meeting held on April 28, 2010, inter alia, has recommended for the approval of shareholders, the issue of Bonus shares in the ratio of 1:2, i.e. One Bonus Share for every Two Equity Shares held by the shareholders on record date to be determined by the Board of Directors.
The Board of Directors proposes to obtain shareholders approval for issue of Bonus Shares and reclassification of Authorised Share Capital by resorting to Postal Ballot Process.
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