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BS Ltd allots Equity shares
Mumbai, Tuesday April 28th, 2015: BS Limited, a premier EPC and turnkey services provider in the power transmission & distribution sector, has allotted 60,000 Equity Shares (including 30,000 Bonus Equity Shares) of Re1/- each to the grantees, upon exercise of 3,000 Options @ Rs109.95 per Share of Rs10/- each under the Employees Stock Option Plan 2011 ("ESOP 2011") of the Company. The said shares shall rank pari-passu with the existing Equity Shares of the Company in all respects.
The Company, pursuant to the approval of the Shareholders dated January 10, 2014, has sub divided the Face Value of the Shares of the Company from Rs10/- each into Re. 1/- each with effect from January 22, 2014. Accordingly, the Option holders, upon exercise of each Option of Rs10/-, are issued and allotted 10 (Ten) Equity Shares of Re1/- each of the Company.
About BS Limited:
A leading and listed infrastructure company, BS Limited, has been augmenting its core business in Power & Distribution through EPC, Turnkey Services and BOOM projects. Headquartered at Hyderabad, BS Limited has Pan –India presence with over 800 employees. The company has an integrated business model with a Tower manufacturing facility of installed capacity of 240,000 MTPA and a structural steel mill with an installed capacity of 120,000 tonne a year located near Hyderabad. The company is certified with Quality Management (ISO 9001:2008), Environmental Management (ISO 14001:2004) and Occupational Health and Safety (OHSAS 18001:2007).