Board recommends Bonus Share in 1:10 ratio at Milton Industries
Board of Directors of Milton Industries approved the issue of bonus shares in the ratio of 1:10 along with increase in company’s authorised capital.
Company : MITCON Consultancy & Engineering Services Limited
As per report published by Milton Industries, the Board have approved issue of Bonus Shares in the ratio of 1:10 that is 1 bonus share for every 10 fully paid-up equity share of face value of Rs.10 each held. The decision is subject to the approval of the shareholders.
The Board also considered increase in the authorized share capital from Rs.17 crore to Rs.18 crore, subject to the approval of the shareholders.
Milton Industries Limited is an ISO 9001:2008 certified company engaged in manufacturing of laminates, artificial leather cloth and glass fibre reinforced epoxy sheets. The company is headquartered in the state of Gujarat.
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