Matru Smriti Traders Ltd allots 12206054 bonus shares

The Board of Directors of Matru Smriti Traders Ltd at its meeting held on March 05, 2016, has transacted and approved / considered the allotment of 12206054 bonus equity shares of Rs. 10 each in the ratio seven new equity shares for every one existing equity share to the shareholders whose names are appearing in the register of shareholders as on March 04, 2016 i.e. the record date.

The Board also approved the resignation of directors and KMPs. Ms. Purvi Mahant has resigned as Independent Director, Ms. Mohini Patel as Non-Executive Director, Mr. Jyotindra Parikh Ochhavlal as Independent Director, Ms. Pooja Dedhia as Company Secretary and Mr. Abbas Hussain as CFO.

Mr. Abhishek Bansal, Managing Director of the Company be and is hereby authorized to act as the Compliance officer of the Company till the vacancy of Company Secretary is fulfilled and also to undertake the duties of the CFO for the time being.

Mr. Abhishek Bansal, Managing Director is further authorized to file application for Change of name and Post Bonus issue application with the Stock Exchanges and he is further authorized to undertake any other steps, deeds and acts as necessary as it may deem fit for completing the above processes.

Shares of MATRU-SMRITI TRADERS LTD. was last trading in BSE at Rs.3.3 as compared to the previous close of Rs. 25.55. The total number of shares traded during the day was 4600 in over 2 trades.

The stock hit an intraday high of Rs. 3.3 and intraday low of 3.3. The net turnover during the day was Rs. 15180.

Source : Equity Bulls

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