The members of Hira Ferro Alloys have approved the issue of bonus shares in the ratio of 4:1 (four fully paid-up equity shares of Rs 10 each for every one equity share of Rs 10 each held as on the record date).
Further, the members have increased the authorised share capital of the company from Rs 12 crore to Rs 20 crore.
This was approved at the extraordinary general meeting held on 01 July 2011.
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