Pro Fin Capital Services recommends stock split, bonus issue

The Board of Directors of Pro Fin Capital Services Limited at their meeting held today i.e. 21.03.2022, have considered and approved the Stock Split (sub division of equity shares) of company's 1 (one) equity share of face value of Rs. 10/- each in to 10 (ten) equity shares of face value of Rs. 1/- each, subject to the approval of shareholders and other approvals as may be required.

The board considered and approved increase in the Authorised Share Capital of the Company from the present Rs. 8,50,00,000 (Rupees eight crores fifty lacs) divided into 8,50,00,000 (eight crore fifty lacs) equity shares of Rs. 1/- (Rupee one) each to Rs. 25,00,00,000 (Twenty Five Crore) divided into 25,00,00,000 (Twenty Five Crore) Equity Shares of Rs. 1/- (Rupee one) each ranking pari passu in all respect with the existing equity shares and subsequent alteration to the memorandum of association and articles of association of the Company, subject to the approval of members.

The board also recommended the Bonus Issue of Equity shares in the proportion of 2(Two) Equity shares of Rs. 1/- each for every 1 (one) Equity share of Rs. 1/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders i.e. in compliance with the applicable laws.

Shares of PRO FIN CAPITAL SERVICES LTD. was last trading in BSE at Rs. 173.95 as compared to the previous close of Rs. 165.70. The total number of shares traded during the day was 45090 in over 710 trades.

The stock hit an intraday high of Rs. 173.95 and intraday low of 157.45. The net turnover during the day was Rs. 7579962.00.

Source : Equity Bulls

Keywords

PROFINCAPITALSERVICES INE732K01019 StockSplit BonusIssue