Rasi Electrodes Board recommends Bonus Issue

Rasi Electrodes Ltd has announced that the Board of Directors of the Company at its meeting held on July 25, 2007, inter alia, has taken the following decisions:

1. The Board of Directors has recommended issue of bonus shares in the ratio of Two Equity Shares of Rs 10 each for every Five Equity Shares held on the record date to be subsequently fixed subject to the approval of the shareholders at the ensuing 13th Annual General Meeting to be held on September 28, 2007.

2. The Board of Directors has approved increasing the authorized share capital of the Company from Rs 350,00,000 to Rs 500,00,000 subject to the approval of the shareholders at the ensuing 13th Annual General Meeting.

Source : Equity Bulls

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