Hatsun Agro Product Limited board recommends 1:3 bonus issue

The Board of Directors of Hatsun Agro Product Limited at their meeting held today, i.e., 19th October, 2020, has recommended for the issuance of Bonus Shares of the Company in the ratio of 1:3 i.e., 1 (One) new Bonus Equity Share of Re. 1 each fully paid up to be issued for every 3 (Three) existing Equity Shares of Re. 1 each fully paid up held by the shareholders on the record date i.e., 03.12.2020 subject to the approval of the Shareholders.

The board also approved the proposal to capitalize Rs 16,16,72,492 out of the existing reserves and surplus of the Company to issue the aforesaid bonus shares and thereby increasing the paid up Equity Share Capital from Rs. 16,16,78,826 to Rs. 21,55,63,323.

Shares of HATSUN AGRO PRODUCT LTD. was last trading in BSE at Rs.845 as compared to the previous close of Rs. 818.6. The total number of shares traded during the day was 2247 in over 441 trades.

The stock hit an intraday high of Rs. 847.6 and intraday low of 821. The net turnover during the day was Rs. 1879998.

Source : Equity Bulls

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