JMT Auto Ltd. - Board approves Bonus Issue 11/06/2014

JMT Auto Ltd. - Board approves Bonus Issue
11/06/2014 08:10
JMT Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 10, 2014, inter alia, have considered and approved the followings:

1. The issue of Bonus Shares to the Shareholders of the Company in the proportion of 5:2, i.e. 5 (Five) Bonus Equity Shares of Rs. 10/- each for every 2 (Two) existing fully paid Equity Share of Rs. 10/- each held by such members.

2. Increase in Authorised Share Capital of the Company and consequential alternations of Memorandum and Articles of Association of the Company