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Board of Kushal Tradelink approves bonus issue of 1:1

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Capital Market
Last Updated : Jan 20 2017 | 8:01 PM IST

At meeting held on 20 January 2017

Kushal Tradelink announced that the Board of Directors of the Company at its meeting held on 20 January 2018 has approved the following-

Increase in authorised capital of the Company from Rs 25 crore Rs 50 crore dividend into 25 crore equity shares of Rs 2 each.

Issue of bonus shares in the proportion of 1:1 subject to approval of members.

Board approved the merger of Riddhi Siddhi Recyclers into the Company.

Initiate Postal Ballot process.

Approved appointment of Kushal Agrawal as Additional Executive Director of the Company with effect from 20 January 2017.

Approved resignation of Mahendra Agrawal, Whole Time Director and Arpan Shah, Non Executive Director with effect from 20 January 2017.

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First Published: Jan 20 2017 | 4:44 PM IST

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