Pankaj Piyush Trade & Investment has informed that the board of directors of the company at its meeting held on July 18, 2012, has recommended subject to the consent of the shareholders in the general meeting, to increase the authorized share capital from Rs. 250 lacs to Rs. 2100 lacs (divided into 1,90,00,000 equity shares of Rs. 10 each and 20,00,000 preference shares of Rs. 10 each).
Further, the board recommended the issue of bonus shares in the ratio of 45:1, (i.e. 45 equity shares of Rs. 10 each fully paid up for every 1 existing equity share of Rs. 10 each fully paid up) by capitalization of securities premium account.
The above information is a part of company's filings submitted to BSE.
