The Board of Directors of the Company, at its meeting held today, have recommended to the shareholders for their approval, through postal ballot: i. issue of bonus shares in the ratio of 24:1 i.e. 24 (Twenty Four) new fully paid-up equity share of Rs. 10/- (Rupees Ten Only) each for every 1 (one) existing fully paid-up equity share of Rs. 10/- (Rupees Ten Only) each, to the eligible equity shareholders of the Company as on the record date, by capitalization of free reserves; ii. increase in the Authorised Share Capital of the Company from Rs. 13.30 crore to Rs. 140 crore.