Brels Infotech Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 11, 2008, have approved capitalization of free reserves to the extent of Rs 11,93,71,313/- (Rupees Eleven Crore Ninety Three Lacs Seventy One Thousand Three Hundred Thirteen Only) for issue and allotment of 11,93,71,313 Equity Shares of Re 1/- each fully paid-up for distribution as Bonus Shares amongst the existing Equity Shareholders of the Company in the ratio of three (3) new Equity Bonus Shares for every eight (8) Equity Shares held by the Shareholders.
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