At meeting held on 11 October 2016
Sunil Hitech Engineers announced that the Board of Directors of the Company at its meeting held on 11 October 2016, inter alia, has discussed and approved:1. The issue of Bonus Shares in the proportion of 1 (One) equity share for every 1 (One) existing equity share held by the Members of the Company.
2. The issue of 1 crore convertible warrants to the Promoters and Non-promoters.
3. To increase authorized share capital of the Company upto Rs. 60 crores.
4. The conduct of Postal ballot for the above purposes.
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