Board of Indian Wood Products Company approves sub-division of shares and bonus issue

Capital Market 

At meeting held on 02 January 2019

The Board of at its meeting held on 02 January 2019 has approved the following -

1. Sub-of the Company from the existing face value of Rs. 10/- per Equity Shares to face value of Rs. 2/- per Equity Shares as on the Record Date to be fixed on a later date.

2. Issue of Bonus Shares in a proportion 1 (One) Bonus Shares of Rs. 2/- (Rupees Two) each for every existing 1 (One) fully paid-up Equity Shares of Rs. 2/- (Rupees Two) each held by the shareholders of the Company as on the Record Date to be fixed on a later date.

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First Published: Wed, January 02 2019. 14:26 IST