Visagar Financial Services announced that the Board of Directors of the Company at their Meeting held on 25 November 2021, inter alia, has approved and taken on record the followings:

1. Sub-division of Face Value of Equity Shares from Rs. 2/- to Rs. 1/-.

2. Issue of Bonus Equity Shares of Rs. 1/-each in the ratio of 1:2 (i.e Bonus issue of 1 share of Rs.1/- each for every 2 share of Rs.1/- each held by members as on the record date, which will be decided in due course in consultation with Stock Exchange.

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Visagar Financial Services announced that the meeting of the Board of Directors of the Company is scheduled to be held on 25 November 2021 ,inter alia, to consider the following:

1. Sub-Division of face value of Equity Shares and;

2. Issue of Bonus Equity Shares;

3. To increase authorized Share Capital of the Company.

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Visagar Financial Services will hold a meeting of the Board of Directors of the Company on 25 November 2021.

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Net profit of Visagar Financial Services reported to Rs 0.01 crore in the quarter ended September 2021. There were no net profit/loss reported during the previous quarter ended September 2020. Sales rose 532.10% to Rs 5.12 crore in the quarter ended September 2021 as against Rs 0.81 crore during the previous quarter ended September 2020.

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