Sunil Hitech Engineers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2016 inter-alia has discussed and approved the following:
1. Sub-division of equity shares of the Company of face value Rs. 10/- each into 10 (Ten) equity shares of face value Re. 1/- each.
2. Increase in authorized share capital of the Company from Rs 25 Crores to Rs 30 Crores.
3. Alteration of Clause V of the Memorandum of Association of the Company.
4. Issue and allotment of equity shares to Qualified Institutional Buyers (QIP) upto Rs.200 crores.
The items requiring approval of members shall be placed for their approval at the forthcoming Annual General Meeting.