Kewal Kiran Clothing Ltd board recommends bonus issue

The Board of Directors of Kewal Kiran Clothing Ltd at its meeting held on October 28, 2021, have approved and recommended the issuance of fully paid up bonus shares in the ratio of 4:1 (e.g 4 fully paid shares for every 1 fully paid up equity share held), subject to the shareholders approval.

The Board of Directors of the Company have approved to increase the authorised share capital of the company from Rs.20,00,00,000/- (Rupees Twenty Crores only) divided into 2,00,00,000 (Two Crores) equity shares of Rs. 10/- (Rupees Ten only) each to Rs.125,00,00,000/- (Rupees One Hundred and Twenty Five Crores only) divided into 12,50,00,000 (Twelve Crores Fifty Lakhs) equity shares of Rs. 10/- (Rupees Ten only) each by increase of additional 10,50,00,000/- (Ten Crores Fifity Lakhs) equity shares of Rs. 10/- (Rupees Ten only) each ranking pari-passu with the existing equity shares of the Company subject to the shareholders approval.

The Authorised Share Capital of the Company is Rs.125,00,00,000/- (Rupees One Hundred and Twenty Five Crores only) divided into 12,50,00,000 (Twelve Crores Fifty Lakhs) equity shares of Rs. 10/- (Rupees Ten only) each.

Shares of Kewal Kiran Clothing Limited was last trading in BSE at Rs. 1200.55 as compared to the previous close of Rs. 1193.80. The total number of shares traded during the day was 46839 in over 3081 trades.

The stock hit an intraday high of Rs. 1344.00 and intraday low of 1170.95. The net turnover during the day was Rs. 57195918.00.

Source : Equity Bulls

Keywords

KewalKiranClothing Limited INE401H01017 KKCL BonusIssue