The Board of Directors of Sawaca Business Machines Ltd at its meeting held on April 13, 2022, has considered and approved the proposal for split/sub-division of Company’s 1(One) equity share of face value of Rs. 10/- (Rupees Ten Only) each into 10(Ten) equity shares of face value of Rs. 1/- (Rupees One Only) each.
The board also recommended an issue of new Equity Bonus Shares in the proportion of 10 (TEN) Equity Share of Rs. 1/-each for every 100 (ONE HUNDRED) existing Equity Share of Rs. 1/- each held by the Shareholders/ Members of the Company as on the record date.