South India Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2018, inter alia, have considered, approved and recommended, subject to approval of members at the ensuing Annual General Meeting of the Company, issue of Bonus Shares to the members of the Company by capitalisation of its reserves in the ratio of 4 (Four) bonus equity share of Rs. 10/- each fully paid-up for every One (1) existing equity share of Rs. 10/- each fully paid-up held by the members as on a Record Date to be fixed by the Board thereof for the purpose. Further, the details pertaining to the Bonus issue of Equity shares as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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