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