Date:01/09/2005 URL: http://www.thehindubusinessline.com/2005/09/01/stories/2005090102530200.htm

Back Astra Microwave to increase share capital

Our Bureau

Hyderabad , Aug. 31

ASTRA Microwave Products Ltd has decided to increase the authorised share capital from Rs 6 crore to Rs 20 crore.

It has informed the BSE that the members at the extraordinary general meeting held on August 31 also okayed the sub-division of the authorised share capital of the company comprising 2 crore equity shares of Rs 10 each in the capital of the company into 10 crore equity shares of Rs 2 each.

The meeting approved the issue of bonus shares of Rs 2 each credited as fully paid-up shares in the proportion of one equity share for every existing equity share to the shareholders to the extent of Rs 5,31,12,450 and the holders of employee stock options to the extent of Rs 16,71,500 allotted under the ESOP Scheme 2005.