At meeting held on 24 July 2015
Bharat Electronics announced that the Board of Directors of the Company at its meeting held on 24 July 2015, inter alia, has approved the proposal for issue of Bonus shares to the existing shareholders of the Company in the ratio of 2:1 (2 Bonus shares for every share held). Board has also approved the proposal for increase in the authorized share capital of the Company from Rs. 100 crore to Rs. 250 crore and consequential amendments to Memorandum of Association and Articles of Association. The aforesaid proposals are subject to the approval by Members of the Company at the ensuing Annual General Meeting through e-voting and ballot.The Company further inform that the aforesaid proposals were not part of the agenda of the Board meeting held on 24 July 2015 and were decided by the Board at the meeting.
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