Bombay Wire Ropes Ltd Board approves Sub-division of Equity Shares

The Board of Directors of Bombay Wire Ropes Ltd at its meeting held on June 13, 2016, has approved the Split / Sub-division of Equity Shares of the Company of the face value on of Rs. 10/- (Rupees Ten Only) to face value of Rs. 1/- (Rupees one Only) each subject to approval of the shareholders through Postal Ballot.

The Board approved Consequential Alteration of Memorandum of Association and Articles of Association to give effect to sub-division of Face value of the Equity Shares of the Company.

The Board also approved and finalized the notice of postal ballot for obtaining approval of the shareholders for the above referred matters.

Source : Equity Bulls

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