Stock Split & Bonus Issue 14 December 2007

Shareholders of Kanoria Chemicals and Industries Limited approve stock split and issue of Bonus shares
Highlights
  • Stock Split – From Current face value of Rs. 10 to Rs. 5
  • Bonus Shares – One Equity Share for every two Equity Shares
New Delhi, December 14, 2007: Kanoria Chemicals & Industries Limited (KCI), India's leading manufacturer of chemical intermediates has announced that the shareholders of the Company have approved the issue of Bonus Shares in the ratio of 2:1 (one bonus share for two share held) at the extra ordinary general meeting held on December 14, 2007. The shareholders also approved sub-division of equity shares of the face value of Rs 10/- each into 2 equity shares of Rs 5/- each.

As a result of the stock split and bonus issue, the total number of shares of the company will increase to 56,296,500 shares of Rs. 5 each from 18,765,500 shares of Rs. 10 each.

A Committee of Directors of the company has proposed 7 January 2008 as the record date for the stock split and issue of bonus shares.