Vikas Granaries has received approval, for the sub division of its equity shares.

The company, in its meeting which was held today, has given approval to splitting off the stocks of the company from Rs.10 to Re.1 each share fully paid up, subject to the approval in the ensuing extra ordinary general meeting to be held by the company in due times.

The company’s board has also proposed the change in capital clause of memorandum of association (MoA), by replacing the existing face value of Rs.10 to Re.1 and replacing the number of equity shares from 6 crore to 60 crore.

Furthermore, the board of directors has also decided to call a meeting of shareholders as on March 24,2018.

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