IL&FS; Engineering and Construction Company' board approves issue of bonus shares To preference shareholders The board of IL&FS; Engineering and Construction Company has approved the issue of 15 lakh cumulative redeemable preference shares (CRPS) of Rs 100 each as bonus shares to the existing optionally convertible cumulative redeemable preference shareholders (OCCRPS) of the company in the ratio of 1:16.67.Further, the board has approved the issue of 2,36,280 cumulative redeemable preference shares (CRPS) of Rs 100 each as bonus shares to the existing cumulative redeemable preference shareholders of the company in the ratio of 1:24.33.