Recommended Issuance of Bonus Shares, subject to shareholders approval and any other applicable regulatory and statutory approval, in ratio of 1:4 i.e. 1(one) new fully paid up Equity Shares of Rs. 2/- each for every 4 (Four) existing fully paid up Equity Shares of Rs. 2/- each held by eligible shareholders as on Record Date, which will be announce in due course.