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Board of Vikas Granaries approves sub-division of shares

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Capital Market

At meeting held on 21 February 2018

Vikas Granaries announced that the Board of Directors of the Company at its meeting held on 21 February 2018, inter alia, have approved splitting off the stocks of the Company from Rs. 10/- each share fully paidup to Re. 1/- each share fully paid up subject to approval in the ensuing Extra Ordinary General Meeting to be held by the Company in due times. Accordingly, Board has also proposed the change in Capital Clause of Memorandum of Association by replacing the Existing face value of Rs. 10/- Each to Rs. 1/- Each and replacing the Number of Equity Shares from 6,00,00,000 (Six Crore) to 60,00,00,000 (Sixty Crore).

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First Published: Feb 21 2018 | 7:35 PM IST

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