Shree Renuka Board approves Stock Split

Mumbai, Jan 23 (UNI) Shree Renuka Sugars Ltd has approved stock-split of the face value of equity shares of Rs 10 each into shares of face value of Re 1 (Rupee One only) each, subject to approval of shareholders through postal ballot.

The Company has informed BSE that the Board of Directors of the Company at its meeting held today, inter alia, approved increase in the borrowing powers of the board and creation of Charges upto a limit of Rs 2400 crore and sought members approval for the above proposals by way of Postal Ballot pursuant to Section 192A of the Companies Act, 1956.

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