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Munjal Auto Industries approves sub-division of equity shares

26 Sep 2011 Evaluate

Munjal Auto Industries has informed that the board of directors of the company at its meeting held on September 24, 2011, has approved seeking approval of members of the company pursuant to Section 97 and other applicable provision of companies act, 1956 in respect of sub-division of, 1 (one) equity share of the company having a face value of Rs. 10 each fully paid up into 5 (five) equity shares having a face value of Re. 2 each fully paid up, increase in the authorized capital of the company, which presently stands in the form of equity share capital of Rs 12,50,00,000 comprising 1,25,00,000 equity shares of Rs. 10 each be to Rs. 25,00,00,000 of which Rs. 20,00,00,000 shall be of equity share capital comprising of 10,00,00,000 equity shares of Rs 2 each and the balance Rs 5,00,00,000  shall be as unclassified capital.

The above information is part of company’s filing submitted to the BSE.

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