Advance Syntex has informed that the Board of Directors of the Company at its Meeting held on November 14, 2016, has recommended bonus issue in the ratio of 3:20. The Bonus issue was subsequently approved by the shareholders at their Extra Ordinary General Meeting held on December 16, 2016. Now the Board of Directors of the Company at its Meeting held on January 07, 2017, has allotted 1,187,199 bonus equity shares of face value Rs 10 each, to the equity shareholder entitled thereto as on January 05, 2017, being the Record Date fixed for the purpose.
The above information is a part of company’s filings submitted to BSE.