Kanoria Chemicals Board approves bonus issue & sub-division

Kanoria Chemicals & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2007, inter alia, has transacted the following, subject to the necessary approvals:

1. Issue 1 Bonus Equity Share for every 2 Equity Shares held by the Shareholders.

2. Sub-divide the Equity Shares of the face value of Rs 10/- each in to Equity Shares with a face value of Rs 5/- per Equity Share.