Brief: V Guard Industries approves splitting of equity shares of co

V Guard Industries

16/06/2016 14:02

June 16 (Reuters) - V Guard Industries Ltd  VGUA.NS : 
 * Approved the proposal for splitting of equity shares of the company 
 * Board also recommended increase of authorized share capital of the company 
   from 350 million rupees to 400 million rupees 
 
 * Source text: V-Guard Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2016, considered and approved the proposal for splitting of equity shares of the Company, subject to the approval of the shareholders in respect thereof, in the 20th Annual General Meeting of the Company. 
 
The Board of Directors in their meeting held on June 16, 2016 has also recommended increase of Authorized Share Capital of the Company from Rs. 35 crore to Rs. 40 crore. If the proposal is approved by the members, in the 20th AGM scheduled to be held on July 26, 2016, the Authorised Share Capital of the Company, both in value and numbers, will get increased in line with the split approved. 
 
The meeting of the Board of Directors started at 4.30 p.m. and concluded at 6.00 p.m. 
 
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