Monday, January 24, 2011

Ador Fontech Board Recommends Stock Split

Ador Fontech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 22, 2011 have considered and recommended splitting of existing one equity of Rs. 10/- (rupees ten) each in to Rs. 2/- (Rupees two only) per share with consequent effect of five equity shares for each share held, subject to the approval of shareholders, which will be reckoned through postal ballot and further subject to the consent/approval of statutory and regulatory authorities.

Source: BSE Corporate Announcements