Gupta Synthetics Ltd has announced that the Board of Directors of the Company at its meeting held on January 16, 2007, inter alia, has allotted the Bonus equity shares to the shareholders of the Company in the ratio of 2:1 i.e., Two New equity shares of Rs 10/- each fully paid up for every one existing equity shares of Rs 10/- each fully paid up held on the record date of the Company for the entitlement of Bonus shares i.e. January 08, 2007.