Dhunseri Tea & Industries Ltd Board recommends 1:2 Bonus Issue

The Board of Directors of Dhunseri Tea & Industries Ltd at their Meeting held today has recommended the issue of Bonus Shares in ratio of 1:2 i.e., 1 (One) Bonus Share of Rs. 10/- (Rupees Ten) each for every existing 2 (Two) fully paid-up Equity Shares of Rs. 10/- (Rupees Ten) each held as on the Record Date: 6th August, 2021, subject to approval of the Members through Postal Ballot.

The board also approved increase in the Authorised Share Capital of the Company from Rs. 7,50,00,000/- (Rupees Seven Crore Fifty Lakh) divided into 75,00,000 (Seventy Five Lakh) Equity Shares of Rs. 10/- each to Rs. 11,00,00,000/- (Rupees Eleven Crore) divided into 1,10,00,000 (One Crore Ten Lakh) Equity Shares of Rs. 10/- each.

The Paid-up share capital (Pre-Bonus) is Rs. 7,00,49,510 divided into 7004951 Equity Shares of Rs. 10/ each and the post-bonus paid-up share capital will be Rs. 10,50,74,265 divided into 10507427 (rounded off) equity shares of Rs. 10/- each.

Shares of Dhunseri Tea & Industries Ltd was last trading in BSE at Rs.457.2 as compared to the previous close of Rs. 508. The total number of shares traded during the day was 37507 in over 1622 trades.

The stock hit an intraday high of Rs. 485.8 and intraday low of 457.2. The net turnover during the day was Rs. 17326691.

Source : Equity Bulls

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