At meeting held on 07 September 2016
Nava Bharat Ventures announced that the Board of Directors of the Company at its meeting held on 07 September 2016, has approved the allotment of 8,92,87,741 (Eight crores Ninety two lakhs Eighty Seven thousand Seven hundred and forty-one) bonus Equity shares as fully paid-up to those Equity shareholders of the Company entitled thereto as on 03 September 2016, being the record date fixed for the purpose.Consequently, with effect from September 07, 2016, the Paid-up Equity Share Capital of the Company stands increased to 17,85,75,482 Equity shares of Rs. 2/- each aggregating to Rs. 35,71,50,964/- from 8,92,87,741 Equity shares of Rs. 2/- each aggregating to Rs. 17,85,75,482/-
The Board also decided that the bonus Equity shares would be credited / dispatched to all the Equity shareholders, entitled for bonus shares, on or before 20 September 2016.
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