HCL Technologies, one of the leading software exporters, announced that the board of directors of the company at its meeting held on today has recommended the following proposals for the approval of the shareholders by way of postal ballot.

Issue of bonus shares on the company's equity shares in the ratio of 1:1 i.e. one additional equity share for every one equity share held by the members on the record date to be fixed for this purpose.

Increase in the authorized share capital from Rs 1.50 billion to Rs 3 billion and consequential alteration in the Memorandum of Association of the company.

Shares of the company gained Rs 149.05, or 9.06%, to trade at Rs 1,794.95 at the BSE (10.20 a.m., Friday).