National Aluminium Company Ltd: Outcome of EGM

National Aluminium Company Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 05, 2011, inter alia, have approved the following :

1. Increase in Authorised Share Capital of the Company from Rs. 1300 crores to Rs. 3000 crores.

2. Sub-division of face value of equity share of Rs. 10/- each fully paid up into 2 (Two) equity shares of Rs. 5/- each fully paid-up.

3. Issue of bonus shares to the existing shareholders of the Company in the proportion of 1 (one) Bonus share for every 1 (one) existing fully paid-up equity share held.

4. Amending Articles of Association providing for Employees Stock Option Plan, and

5. Consequent amendments to the Memorandum and Articles of Association of the Company.