At meeting held on 20 October 2015
Bronze Infra-Tech announced that the Board of Directors of the Company at its meeting held on 20 October 2015, inter alia, has approved the following:1. To increase the Authorised Share Capital of the Company from Rs.17,50,00,000/- divided into 1,75,00,000 equity shares of Rs.10/- each to Rs.23,05,00,000/- divided into 2,30,50,000 equity shares of Rs.10/- each.
2. The issue of Bonus Shares at the ratio of one (1) shares for every three (3) shares held by the existing shareholders;
3. The FDI (Foreign Direct Investment) limit upto 24% of the paid up share capital of the Company, subject to regulatory approvals;
4. The proposal for listing of shares on National Stock Exchange of India.
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