Mishtann Foods recommends 1:1 bonus issue

The Board of Directors of Mishtann Foods Limited at its meeting held on April 18, 2022, at the Registered Office of the Company has approved the recommendation of issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs. 1/- each for every 1 (one) Equity Share of Rs. 1/- each held by shareholders of the Company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

The board also approved increase in Authorized Share Capital of the Company from Rs. 50,00,00,000/- (Rupees Fifty Crores Only) to Rs. 100,10,00,000/- (Rupees Hundred Crores Ten Lacs Only) by creation of additional 50,10,00,000/- (Fifty Crores Ten Lacs Only) Equity Share of Rs. 1/-(Rupees One Only) each and consequent amendment to Clause V of the Memorandum of Association of the Company, subject to the approval of Members.

The record date for reckoning eligible shareholders entitled to received bonus shares will be announced later.

Shares of Mishtann Foods Ltd was last trading in BSE at Rs. 27.75 as compared to the previous close of Rs. 26.85. The total number of shares traded during the day was 2078571 in over 2708 trades.

The stock hit an intraday high of Rs. 28.10 and intraday low of 26.30. The net turnover during the day was Rs. 56495237.00.

Source : Equity Bulls

Keywords

MishtannFoods INE094S01041 BonusIssue