it is a good co. having booking order more than 2500 crore , reserve of rs. 380 crore , and it is deling in manufacuting od oil & gas pipes which is big dimand in market.
it thing it is giving Bonus to share holder

i have gone through the financial results of man industries as on 30.9.2009 while declaring the results no communication has been given that promotors have been alloted 25 lacs warrant at price of rs 35 per share which they approved in their egm held on 19.6.2009 so whether bse /sebi have given final approvel or not company should make official announcement to shareholders
i am also shareholder of one company name ABC INDIA LTD a TCI GROUP OF INDUSTRIES the promotors of abc india ltd also approved prefferential warrant allotment to promotors in their agm held on 24.8.2009 but it is understood that till date bse have not given their approvel

it is understood that sebi recently have changed the procedure/rules of allotment of prefferential warrants to promotors and due to that lots of approvel have been kept pending in bse man industries should clarify the latest status

i have earlier intimated that book value of man industries shares are more than rs 75 per share so how promotors can be alloted prefferntial warrant at price of just rs 35 per share is it not injustice to various minority public shareholders of man industries

if promotors really want to increse their stake the company should buy back their shares from open market through stock exchanges

sir this company will never give bonus for sure.please check the information and then please put up messages otherwise people will feel that never believe a boarder

yes it is very good case of promoters mis using their board of directors who are normaly friendly with promoters.
also pl note that ICICI sec has recmmended this company`shares for buying.
what kind of analyt and what kind of corpo. government we have in india?
it is always safe to invest in company having a history of good government and investor friendly mindset.