Clause 22 of the Listing Agreement for Equity Shares

Clause 22 of the Listing Agreement for Equity Shares is as under:

The Company will, immediately on the date of the meeting of its Board of Directors held to consider or decide the same, intimate to the Exchange within 15 minutes of the closure of the Board Meetings by Letter/fax (or, if the meeting be held outside the City of Mumbai, by fax/ telegram) - - -

(a) short particulars of any increase of capital whether by issue of bonus shares through capitalization, or by way of right shares to be offered to the shareholders or debenture holders, or in any other way;

(b) short particulars of the reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to;

(c) short particulars of any other alterations of capital, including calls;

(d) any other information necessary to enable the holders of the listed securities of the Company to appraise its position and to avoid the establishment of a false market in such listed securities.

Provided that an intimation made to stock exchanges under sub-clause (a) shall also contain the date on which such bonus shares would be credited/dispatched.

Post Last Updated On: 28th August 2015