The Board of Directors of Modex International Securities Limited at its meeting held today, has considered and approved the issue of Bonus Equity Shares by way of capitalization of a sum not exceeding Rs. 60,000,000/- (Rupees Six Crores) from and out of General Reserves, and/or the Securities Premium Account and/or the Retained Earnings in proportion of 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten) each held, as on the record date, subject to the approval of the members at the ensuing Annual General Meeting. The 'Record Date' for reckoning eligible members entitled to receive Bonus Equity Shares will be intimated in due course.
Shares of Modex International Securities Ltd was last trading in BSE at Rs.52 as compared to the previous close of Rs. 50. The total number of shares traded during the day was 5709 in over 29 trades.
The stock hit an intraday high of Rs. 52 and intraday low of 45.45. The net turnover during the day was Rs. 286719.