Britannia Industries will hold a meeting of the Board of Directors of the Company on 12 November 2018.

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Britannia Industries announced that Jairaj Bham, Company Secretary and Key Managerial Personnel has resigned from the Company w.e.f 12 October, 2018 and T V Thulsidass has joined the Company as Company Secretary and Key Managerial Personnel with effect from 15 October, 2018.

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Meanwhile, the S&P BSE Sensex was down 115.57 points, or 0.30% to 38,221.19.

On the BSE, 7868 shares were traded in the counter so far compared with average daily volumes of 15,000 shares in the past two weeks. The stock had hit a high of Rs 6,900 and a low of Rs 6,764 so far during the day. The stock hit a record high of Rs 6,944.10 on 23 August 2018. The stock hit a 52-week low of Rs 4,145.05 on 29 August 2017.

Shares of Britannia Industries rose 8.63% in seven trading sessions to settle at Rs 6,883.75 yesterday, 23 August 2018, from its close of Rs 6,336.70 on 10 August 2018.

Meanwhile, the company announced after market hours yesterday, 23 August 2018, that its board approved sub-division of equity shares from the existing face value of Rs 2 per equity share to face value of Re 1 per equity share.

On a consolidated basis, net profit of Britannia Industries rose 19.42% to Rs 258.08 crore on 13.59% rise in net sales to Rs 2527.24 crore in Q1 June 2018 over Q1 June 2017.

Britannia Industries is one of India's leading food companies. Its product portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk and yoghurt.

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The Board of Britannia Industries at its meeting held on 23 August 2018 approved the sub-division of face value of equity shares of Rs.2/- each into Re.1/- each, subject to approval of Members.

The Company vide its letter dated 6th August 2018, had announced the Issue of Secured Redeemable Non- Convertible Debentures as Bonus Debentures of Rs.60 in the ratio of 1 (one) Bonus Debenture for every 1 (one) equity share of Rs. 2/- each held by the shareholders of theCompany, on a Record date as may be decided, subject to the approval of National Company law Tribunal, Kolkata and any other approval as may be required.

In view of the of sub-division of equity shares, the value of Secured Redeemable Non- Convertible Debentures as Bonus Debentures stands revised to Rs. 30/- each in the ratio of 1 (one) Bonus Debenture for every 1 (one) equity share of Re. 1/- each held by the shareholders ofthe Company, on a Record date as may be decided, subject to the approval of National Company law Tribunal, Kolkata and any other approval as may be required.

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