The Ruby Mills: Corporate Action-Board recommends Bonus Issue

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) the Board of Directors of Ruby in their meeting held today i.e. August 10 2022 has inter alia approved the followingmatters:1. Considered and approved the increase in Authorized Share Capital from Rs. 10 00 00 000 (comprising 2 00 00 000 equity shares of Rs. 5/- each) to Rs. 17 50 00 000 (comprising3 50 00 000 equity shares of Rs. 5/- each) and consequent alteration in capital clause of Memorandum of Association of the Company subject to approval of shareholders.2. Considered approved and recommended the issue of Bonus equity shares in the ratio of 1:1 ie. 1 (One) Bonus Share of Rs. 5/- each for every 1 (One) fully paid equity share held as on the Record date i.e. 19th September 2022 by the shareholders of Ruby.