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Board of Natco Pharma approves sub-division of shares

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Capital Market

At meeting held on 12 August 2015

Natco Pharma announced that the Board of Directors of the Company at its meeting held on 12 August 2015, inter alia, has approved the following items and recommended to the members for their approval in the ensuing Annual General Meeting:

1. Sub-division of face value of equity shares of the Company from Rs. 10/- (rupees ten only) each to that of Rs. 2/- (rupees two only) each.

2. Increase of remuneration of Working Directors

3. Enhancement of Limits of Borrowing Powers

4. Creation of Security / Charge on the properties of the Company.

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First Published: Aug 12 2015 | 8:46 PM IST

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