Shree Ganesh Remedies Limited board recommends 1:5 bonus issue

The Board of Directors of Shree Ganesh Remedies Limited at its meeting held today i.e., September 18, 2021 has considered, approved and recommended issue of bonus equity shares in the proportion of 1:5, that is 1 (One) bonus equity share of Rs.10/- each for every 5 (Five) fully paid-up equity shares held, as on the record date, subject to approval of the Members of the Company. The record date for reckoning eligible shareholders entitled to receive bonus shares will be announced in due course.

The pre-bonus paid-up equity share capital as on the date of this letter is Rs. 1,00,06,4460 consisting of 1,00,06,446 equity shares of Rs. 10/-each.

The post-bonus paid-up equity share capital is expected to be around Rs. 12,00,77,350 consisting of 1,20,07,735 equity shares of Rs. 10/- each.

The actual number of bonus equity shares to be issued will be determined based on the paid-up share capital as on the record date.

Shares of Shree Ganesh Remedies Limited was last trading in BSE at Rs. 408.9 as compared to the previous close of Rs. 432.3. The total number of shares traded during the day was 14621 in over 923 trades.

The stock hit an intraday high of Rs. 432 and intraday low of 372. The net turnover during the day was Rs. 6014162.

Source : Equity Bulls

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