Jeet Machine Board approves Bonus Issue

Jeet Machine Tools Ltd has announced that the Board of Directors of the Company at its meeting held on September 02, 2006, inter alia, has considered, approved and recommended the following subject to the approval of the shareholders of the Company:

1. Increase in the Authorized Share Capital of the Company from Rs 25,00,000/- to Rs 2,00,00,000/- and consequent alterations in the Memorandum and Articles of Association of the Company.

2. Issue of Bonus Shares in the ratio of 1:7 i.e. issue of 7 New Equity Shares as against every 1 existing Equity Shares.

Source : Equity Bulls

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