JBM Auto Revises Bonus Ratio

With reference to the earlier announcement dated July 29, 2007, regarding Board recommends bonus issue, wherein the bonus share ratio was mentioned as "2:1", JBM Auto Ltd has further informed that the Board of Directors of the Company at its meeting held on July 28, 2007, has discussed a Non-agenda item of Bonus Shares apart from other agenda items. The Board after discussion of review of financial position of the Company has decided to recommend to the members for issue of Bonus Shares by capitalization of reserves in the ratio of "1:2" i.e. One Bonus Share each for Two Equity shares held, subject to members approval at the ensuing Annual General Meeting.

Further the Company has informed that, the existing Share Capital of the Company is Rs 679.92 lacs consists of 6799227 equity shares of Rs 10/- each and the net worth as on March 31, 2007 was Rs 4125.18 lacs.

The stock was trading at Rs.81.05, up by Rs.12.05 or 17.46%. The stock hit an intraday high of Rs.82.80 and low of Rs.75. The total traded quantity was 54476 compared to 2 week average of 8190.

Source : Equity Bulls

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