8K Miles Software Services Ltd has informed BSE that 3917 shares being fractional shares out of bonus issue held by Mr.R.S.Ramani, Whole-time director of the company in the capacity of CUSTODIAN on behalf of the shareholders entitled for fractional entitlements, will be sold in the open market and the net sale proceeds (after deduction of all such expenses incurred for sale) will be distributed to the respective eligible shareholders as per the board resolution passed in the meeting held on October 15, 2016.
The net sale proceeds will be transferred to the eligible shareholder?s bank account registered with their depository participant within 3 weeks from the date of sale through NEFT.
All eligible shareholders are therefore requested to ensure that their bank details are updated with their DEMAT account immediately.
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