In terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IFL Enterprises has informed that the Board of Directors of the Company at their meeting held on today i.e. March 09, 2023, at the Corporate Office of the Company situated at A-607, Prahladnagar Trade Center Radio Mirchi Road, Vejalpur Ahmedabad-380015 Gujarat India has approved following matters(s): 1) Approval of Alteration of Capital Clause (Clause V) in the Memorandum of Association of the Company, subject to the approval of shareholders to be obtained by Postal Ballot. 2) Approval for stock split (sub-division of equity shares) of Company's 01 (One) equity share of face value of Rs 10 each into 10 (Ten) equity shares of face value of Rs 01 each, subject to the approval of shareholders to be obtained by Postal Ballot and other approvals as may be required. In this respect the record date shall be decided by the board and will be intimated to exchange. 3) Issuance of Bonus issue of equity shares in proportion of 01 (one) equity share of Rs. 01 each for every 04 (Four) equity shares of Rs 01 each held by the shareholder of the Company as on record date, subject to the approval of shareholders by Postal Ballot.
The above information is a part of company’s filings submitted to BSE.