KTL fixes record date for Bonus Shares

A meeting of the Board of Directors of the Company was held on July 28, 2008 at 4.00 P. M. at the Registered Office of the Company, considered and decided the following, which was other than the items set forth in the agenda of the meeting:

The Board, earlier in its meeting held on May 9, 2008 recommended the issue of fully paid-up Equity shares as Bonus shares in the ratio of 1:6, i.e. 1 fully paid-up Equity share of Re. 1 each for every 6 existing fully paid-up Equity shares held by the shareholders of the company as on the record date to be fixed, which was subsequently approved by the shareholders of the company for capitalization of profits/ reserves for issue of Bonus shares in their Tenth Annual General Meeting held on June 11, 2008.

The Board after adopting the Un-audited results for the quarter ended June 30, 2008, decided to fix record date for issue of Bonus shares, which was not set out in the agenda for this Board Meeting. The Board after discussions, fixed August 14, 2008 as the record date for issue of Bonus shares in the ratio of 1:6.