Minal Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 12, 2011 has reconfirmed the decision taken by board in the board meeting held on July 09, 2010 and reconfirmed by the board in the board meeting held on December 25, 2010 .
The bonus ratio is in the proportion of 2:3 i.e. 2 new equity share for every 3 existing fully paid equity shares held.
The record date will be fixed for bonus issue of shares after getting in principle approval from stock exchange.
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