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Board of Majestic Research Services approves bonus issue

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Capital Market

At meeting held on 29 August 2017

Majestic Research Services and Solutions announced that the Board of Directors of the Company at its meeting held on 29 August 2017, inter alia, has approved, subject to approval of members at the ensuing Annual General Meeting of the Company, issue of Bonus Shares to Shares to the members of the Company by capitalisation of its reserves in the ratio of 1 (One) bonus Equity Share of Rs 10/- (Rupee Ten only) each fully paid-up for every 1 (One) existing Equity Share of Rs. 10/- (Rupee Ten only) each fully paid-up (i.e. in the ratio of 1:1) held by the members as on a 'record date' to be fixed hereafter for the purpose.

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First Published: Aug 29 2017 | 4:44 PM IST

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