Oil & Natural Gas Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 16, 2010, inter alia, have:
1. Approved a Special Interim dividend of Rs. 32 (Rupees Thirty two) per share of Rs. 10/- each fully paid up for the Financial Year 2010-11.
2. Recommended for approval of the shareholders for sub division of each Equity share of Rs. 10/- each fully paid up into two equity shares of Rs. 5/- each fully paid up.
3. Recommended for approval of the shareholders for issuance of Bonus shares in the proportion of one new equity bonus share of Rs. 5/- each for every one existing equity share of Rs. 5/- each fully paid up by capitalisation of reserves.
4. Approved for seeking the consent of the shareholders to the proposal at (2) and (3) above through Postal Ballot in terms of Section 192A of the Companies Act, 1956 and the rules framed thereunder.*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*