Kulkarni Power Board approves stock split

Kulkarni Power Tools Ltd has announced that the existing paid up share capital of the Company is 17,00,000 Equity Shares of Rs 10/- each and the board has proposed to sub-divide the face value of equity shares to Rs 5/- each subject to approval of members.

Further the Company has informed that, the Board has appointed Mr. Dilip Bindumadhav Kulkarni, as an Additional Director w.e.f. July 26, 2007 till the conclusion of the ensuing Annual General Meeting and he is designated as a Whole time Director.

The Board has approved the same in the meeting held on July 26, 2007.

Source : Equity Bulls

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