Magnanimous Trade & finance has informed that the board of directors of the company at its meeting held on March 23, 2013, has considered the proposal of issue of bonus share by the company and recommended for approval of the Shareholders - by passing of resolution through Postal Ballot - issuance of 204081 new Equity Bonus Shares of Rs. 10 each, in the proportion of 3 new Bonus shares of Rs. 10 each for every 1 existing fully paid Equity shares of Rs. 10 each held in the capital of the Company to the public shareholders of the Company.
The above information is a part of company’s filings submitted to BSE.
