The Board at Sumit Woods Limited approved bonus issue of shares in the ratio of 1:1.

Company : Surani Steel Tubes Limited

The Board of Directors at Sumit Woods Limited recommended bonus issue of shares in the ratio of 1:1 (1 fully paid up share for every 1 fully paid up shares held).

In accordance with the issuance of bonus share, the paid up capital increased exceeding Rs.25 Crore, making the company automatically eligible for Migration to NSE Main Board from NSE Emerge, as per the report published by Mr. Bhushan Namlekar, Whole-time Director of Sumit Woods Limited.

Sumit Woods Limited formally known as Sumit Woods Private Limited, deals in the business of civil contractors and executes projects for, railway officers, government holiday homes etc. The company has its head office in Mumbai and branch office in Goa.

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