Vaswani Industries approves issue of bonus shares

Vaswani Industries has informed that the board of directors of the company at its meeting held on September 20, 2011, has considered and approved increase in authorized share capital of the company from Rs 25,00,00,000 to Rs 30,00,00,000, alteration in memorandum and articles of association of the company to give effect to the prepared change in authorizes share capital of the company, the proposal for making bonus issue of 25,00,000  equity shares of the company to the shareholders other than promoter and promoter entities in the proportion of 1 equity share for every 4 shares of Rs 10 each and fixed the date and time for convening the company's Annual General Meeting (AGM) and approved the notice of the same and authorized the director or other person to issue the notice convening the AGM.

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