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Wednesday 28 November 2007

Walchandnagar Industries Ltd.

Walchandnagar Industries Ltd had informed the Exchange regarding the issue of Bonus Shares in the ratio of 1:1, subject to approval of shareholders and other necessary regulatory approvals. The Company has now informed the Exchange that: "We further wish to clarify that the bonus share will be issued through capitalization of free reserves in 1:1 ratio on equity share(s) held on the record date to be announced at a later date. Upon allotment of Bonus Shares, the equity share capital will be of Rs.600.90 Lakhs instead of Rs.300.45 Lakhs at present".

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