Pursuant to Regulation 30 of the SEBI LODR Regulations and under the relevant provisions of the Companies Act, 2013, subject to approval of all such regulatory/ statutory approval as may be required including approval of shareholders, Sealmatic India has informed that in the meeting of Board held today the following has been decided:- a. Increase in Authorised Share Capital of the company up to Rs. 12.50 Crores divided in to 1.25 Crore Equity Shares of Rs.10/- each subject to approval of the Shareholders; b. Proposal of issue of Bonus Shares to the existing Equity Shareholders of the Company in the ratio of 2:10, i.e., 2 new Equity Shares for every 10 existing Equity Shares held subject to approval of the Shareholders; [For Information, if a person is holding 150 Equity Shares he will be allotted 30 new Equity Shares of the Compamy]; c. Variation in terms of objects of the issue subject to approval of the Shareholders. The Meeting of the board of directors of the company commenced at 09.00 am and concluded at 09.45 am.
The above information is a part of company’s filings submitted to BSE.
