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BIL Energy Systems Ltd Fixes Record Date For Bonus Equity Shares

Posted On: 2018-01-03 04:19:25

The Members of BIL Energy Systems Ltd have approved the issue of Bonus Shares in the proportion of 1 (One) Bonus Equity Share of Re. 1/- (Rupees One) each, for every 1 (One) fully paid-up Equity Share of Re. 1/- (Rupees One) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purpose, be treated as an increase in the paid-up capital of the Company.

The Board of Directors of the Company have approved and fixed 13th January, 2018, as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Re. 1/- (Rupees One) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of 13th January, 2018.

The fully paid-up Bonus Shares shall be distributed to the Members of the Company, whose names appear on the Register of Members as on 13th January, 2018 of the Company.

The Bonus Shares so allotted shall rank pari-passu in all respects with the fully paid-up Equity Shares of the Company as existing on 13th January, 2018.

Shares of BIL ENERGY SYSTEMS LTD. was last trading in BSE at Rs.1.95 as compared to the previous close of Rs. 1.86. The total number of shares traded during the day was 138750 in over 31 trades.

The stock hit an intraday high of Rs. 1.95 and intraday low of 1.95. The net turnover during the day was Rs. 270562.

Source: Equity Bulls

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