Bihar Tubes Board declares interim dividend & recommends bonus issue

Bihar Tubes Ltd has announced that the Board of Directors of the Company at its meeting held on January 10, 2007, inter alia, has transacted the following business:

1. Declaration of Interim Dividend @ 10% for the year ending March 31, 2007.

2. Recommended Issue of Bonus Shares in the ratio of 1:1.

3. Resolved to convene an Extra ordinary General Meeting of the Company on February 12, 2007 to seek, approval of the members of the Company for the following:

A. Increase in the Authorised Capital.

B. Change in the Articles of Association of the Company.

C. Capitalisation of Reserves by issue of Bonus Shares.

D. To pass resolution u/s 293(l)(d) of the Companies Act, 1956.

The notice for convening EGM for the above said business was approved.

Source : Equity Bulls

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