The members of Anjani Synthetics have approved to increase the authorised share capital of the company from Rs 600 lakh to Rs 1500 lakh.The members have approed for issue of bonus shares in proportion of 1:1.
The members have approved a sum of Rs 5,40,05,000 out of the company's general reserve amounting to Rs 10,38,38,785 as on 31 March 2007 forming part of undistributed profit of the company be capitalized and that the said sum so capitalized be applied in paying up in full at par 54,00,500 new equity shares of Rs 10 each, aggregating Rs 5,40,05,000 in the share capital of the company to be allotted and distributed as fully paid up bonus shares to and amongst the members in the proportion of 1 bonus share for every 1 equity share held by such members respectively on that date on the footing that they become entitled to the bonus shares as capital and not as income.
Further, the members have appointed Vasudav Agarwal as managing director of the company.
This was approved at the extra ordinary general meeting held on 29 November 2007.
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