Multibagger small cap stock fixes record date for 1:2 bonus issue

The company’s Board of Directors has proposed bonus equity shares in a 1:2 ratio. Bonus shares will be issued in the proportion of 1 equity share of ₹10/- for every 2 existing fully paid-up equity shares of ₹10/- owned by the Company’s shareholders as of the record date. The corporation has set Monday, July 4, 2022 as the record date for this purpose.

The company has said in the BSE exchange filing that “Further to our letter dated May 25, 2022 intimating, inter alia, about the Record Date for the purpose of proposed Bonus lssue, please be informed that the Record Date for the purpose of determining eligibility for the Bonus has been fixed by the Board of Directors as Monday, July 4, 2022 and not June 17 , 2022 as communicated earlier.”

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