Universal Autofoundry Ltd Board recommends Bonus Issue

The Board of Directors (the "Board") of Universal Autofoundry Limited ("UNIAUTO" / "Company") at its meeting held today, on October 01, 2021 considered and approved the following which shall be subject to the approval of the shareholders of the Company and applicable regulatory authorities as the case may be:

- Considered and approved the Increase in authorized share capital of the Company from existing Rs. 8,50,00,000/ - (Rupees Eight Crore and Fifty Lakhs only) divided into 85,00,000 (Eighty-Five Lakhs) Equity Shares of face value Rs. 10/- each to Rs. 11,00,00,000/-(Rupees Eleven Crore only) divided into 1,L0,00,000 (One Crore Ten Lakhs only) Equity Shares of face value Rs. 10/ - each.

- Considered and approved the issue of bonus shares in the proportion of 1:4 that is 1 (One) bonus equity shares of ns. tO7- each for every 4 (Four) fully paid-up equity shares held, as on the record date, subject to approval of the members of the Company. The record date for reckoning eligible shareholders entitled to receive bonus shares will be announced later.

- Considered and approved the decision for Migration of Company {rom its current listing on BSE SME to Main Board of BSE.

Source : Equity Bulls

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