Falcon Tyres Ltd in their board meeting held on 30th July 2009 has informed the markets that the company has decided on the following items:
Bonus and Sub Division of shares.
1. Stock Split of existing shares of Rs 10 each into 2 shares of face value of Rs 5 each.
2. Bonus Shares in ratio of 2:1 (i.e. 2 shares for every one share of face value of Rs 5 after splitting of the shares).
3. Bonus shares so issued will not entitled for dividend to be declared by Company for the Financial Year 2008-09 in the forthcoming AGM.
Falcon Tyres Bonus issue and split record dates are not yet announced and the bonus date will be announced post approval by the board.
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