Hindustan Petroleum Corporation has informed that the Board of Directors of the Company at its meeting held on July 20, 2016, has considered and recommended Increase in Authorised Share Capital to Rs.2500 crores and further recommended Capitalisation of Reserves and issue of Fully paid bonus shares in the ratio of 2 Bonus Equity Share of Rs 10 each for every 1 existing equity share of Rs 10 each subject to approval of the shareholders at the ensuing Annual General Meeting of the Company scheduled on September 08, 2016.
The above information is a part of company’s filings submitted to BSE.
