Bampsl Securities Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on June 30, 2008, has recommended to issue fully paid-up Bonus Equity Shares of Rs 1/- each in proportion of 2 (Two) new equity shares for every 5 (Five) fully paid up existing equity shares, subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.