The Board of Britannia Industries at its meeting held on 17 August 2020 has approved issue of unsecured, non-convertible, redeemable, fully paid-up debentures, along with an appropriate cash component, as may be decided, aggregating to Rs 41.50 per equity share of face value of Re 1 each as bonus to members of the company, by utilizing the general reserve/ suplus in the profit and loss account of the company under a scheme of arrangement under Sections 230 to 232 and other applicable provisions of the Act.