On 24 April 2019
Syngene International announced that the Board of Directors of the Company at its meeting held on 24 April 2019, inter alia, has considered and approved the following -Recommended the issue of Bonus Shares by capitalisation of free reserves in the ratio of 1:1 i.e., 1 (one) bonus equity share of Rs. 10/- each fully paid-up for every 1 (one) existing equity share of Rs. 10/- each held by the members, as on the record date.
Recommend to shareholders, increase in the Authorised Share Capital of the Company from Rs. 250,00,00,000/- divided into 25,00,00,000 equity shares of Rs. 10/- each to Rs. 500,00,00,000/- divided into 50,00,00,000 equity shares of Rs. 10/- each and consequent amendment in the Capital Clause (Clause V) of Memorandum of Association of the Company.
To seek the approval of shareholders by way of Postal Ballot/e-voting, to increase the Authorised Share Capital and issue of Bonus Shares, as specified above.
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