Savera Industries announces Bonus issue

Savera Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2010, have decided the following:

A Bonus share in the proportion of 1(One) Equity Share for every 1(One) Equity Share held shall be issued to the existing shareholders of the Company at a date specified by the Board of Directors as per SEBI (Disclosure & Investor Protection) Guidelines.

For the above purpose, it is resolved by the Board that the approval of issue of Bonus Shares be sought from the Shareholders at the ensuing companys 41st Annual General Meeting to be held on September 25, 2010.