Savita Chemicals Board approves 2:3 Bonus issue

Savita Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on August 21, 2006, inter alia, has decided subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company, the following:

Issue of Bonus Shares by capitalization of permitted reserves, in the ratio of 2 Bonus Shares for every 3 Equity Shares held by the members of the Company as on the record date to be decided by the Board of Directors in due course.

Source : Equity Bulls

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