BS: Board approves Sub-Division of Equity Shares

BS Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2013, inter alia, has :

1. Approved the Sub-Division of each Equity Share of the Company of the Face Value of Rs. 10 each fully paid up into 10 (Ten) Shares of the Face Value of Re. 1 each fully paid up, subject to the approval of the Shareholders.

2. Approved the Alteration of Memorandum of Association of the Company to effect the Sub-Division of the Shares of the Company, subject to the approval of the Shareholders.

Further, in view of obtaining Shareholders Approval for above items, the Board of Directors has decided to conduct the Postal Ballot under Section 192A of the Companies Act, 1956.