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Sundram Fasteners has informed the Bombay Stock Exchange (BSE) that its shareholders have on Friday approved splitting the company's shares (paid up Rs 10) into ten shares of Re 1 each and increasing the authorised share capital from Rs 12 crore to Rs 25 crore.

EID Parry India has informed the BSE that it will convene an extraordinary general meeting on January 12, 2004, to consider a reduction in its share capital, any capital redemption reserve account and any securities premium account.

The company said the EGM will also consider utilising an amount not exceeding Rs 30 crore of the balance standing to the credit of the securities premium account on March 31, 2004, for the adjustment of diminution in value of certain fixed assets of the company.