Silicon Valley Infotech Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 30, 2008, inter alia, have accorded the Board of Directors of the Company to capitalise a sum of Rs 6,48,40,000/- out of the Companys Share Premium Account amounting to Rs 12,08,97,000 forming part of the undistributed profits of the Company and that the said sum so capitalised be applied for issue and allotment of 6,48,40,000 Equity Shares of Re 1/- each of the Company (the Bonus Shares) in the share capital of the Company to be allotted and distributed as fully paid-up Bonus Shares to and amongst the Members who are on the Register of Members of the Company as the holders of Equity Shares in the Company on such date as may hereafter be determined by the Board of Directors of the Company (the Board) in the proportion of One Bonus Shares for every Two Equity Shares held by such Members respectively on that date on the footing that they become entitled to the Bonus Shares as capital and not as Income, subject to necessary provisions & approvals.
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