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Board of JBM Auto approves bonus issue in the ratio of 1:1

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Capital Market

At meeting held on 09 October 2014

JBM Auto announced that the Board of Directors of the Company at its meeting held on 09 October 2014, inter alia, has considered and approved the allotment of 2,03,97,682 equity shares as bonus shares in the proportion of 1:1 i.e. 1 (one) new equity share for every 1 (one) existing fully paid up equity shares as approved by shareholders in the 18th Annual General Meeting of the members of the Company held on 24 September 2014.

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First Published: Oct 09 2014 | 1:09 PM IST

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