Monday, April 18, 2005

Triveni Engineering Bonus Issue 3:2


Triveni Engineering & Industries Limited Announcement:
1) The Board has, subject to approval of the shareholders at a general meeting, decided to issue bonus shares to the equity shareholders of the Company in the ratio of 3:2 (i.e. three bonus equity shares for every two existing equity shares held) by way of capitalizing the share premium account.
2) The BODs of the Company have at their meeting held on April 16, 2005, subject to approval of the shareholders at a general meeting, decided to issue by public offering upto 5 crores fully paid-up equity shares of Re.1/- each. However, the Board has authorized its Executive Sub-Committee to decide the size of the issue, price of the issue including premium, timings of the issue and all terms and conditions of the issue.
3) The Board also considered an item relating to interim dividend and decided not to pay second interim dividend. 3)

Pondy Oxides Board approves Rights issue


Pondy Oxides and Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2005, inter alia, has approved the following:
1. The Rights issue of Equity Shares in the ratio of 2 shares for every 3 shares held by the shareholders on the record date to be decided by the Board.
2. Decided to hold the Extra Ordinary General Meeting on May 18, 2005 to consider the rights issue as mentioned above & the amendment in the Articles of Association for increasing the Directors Sitting Fee.

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