The board has also recommended issue of Bonus shares in the ratio 1:1 i.e. issue of 1 Bonus share of Rs 10 each (fully paid) for every 1 equity share of Rs 10 each (fully paid) held by the shareholders of the company on record date. The Bonus is subject to approval of the shareholders. On approval of issuance of Bonus shares the dividend payout will work-out to be Rs 2.5 per equity share on enhanced post bonus share capital.