White Organic Agro Limited, since diversification into organic agro framing has shown exponential growth exceeding all the ordinary bounds in size and amount.
The board is have decided to reward its shareholders with 100% bonus equity shares in the ratio of 1 : 1.
The Board of Directors considered, approved and recommended, subject to the approval of shareholders, increase in the Authorized Share Capital of the Company, from the present Rs. 17,50,00,000/- (Rupees Seventeen Crores Fifty Lakhs Only) divided into 1,75,00,000 (One Crore Seventy Five Lakhs ) Equity Shares of Rs. 10/- (Rupees Ten Only) Each to Rs. 35,00,00,000/- (Rupees Thirty Five Crores Only) divided into 3,50,00,000 (Three Crore Fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) Each and to amend the Capital Clause V of the Memorandum of Association of the Company.
Shares of White Organic Agro Ltd was last trading in BSE at Rs.74.5 as compared to the previous close of Rs. 67.15. The total number of shares traded during the day was 264262 in over 866 trades.
The stock hit an intraday high of Rs. 79 and intraday low of 68.4. The net turnover during the day was Rs. 19424780.