Sanwaria Agro Oils today said it has approved issuing of bonus shares to the shareholders of the company in the ratio of 1:1.
"The chairman recommended the board for issue of bonus shares to the shareholders of the company in the ratio of 1:1 -- one equity share for every equity share held -- which was approved by the Board and following resolution was passed unanimously," it said in a filing to the Bombay Stock Exchange (BSE).
The board recommended a sum of Rs 17.40 crore be to capitalised out of general reserve as on March 31, 2010 and distributed by way of issuing 17,40,25,000 equity shares of Re 1 each credited, it said.
An extraordinary general meeting of the company will be called on March 29 for ratification of the above, it added.