Jyoti Resins and Adhesives Ltd allots 80 lakh bonus shares

The Board of Directors of Jyoti Resins and Adhesives Ltd, at their meeting held today i.e. 19th September, 2022 have allotted 80,00,000 Equity Shares of Rs. 10/- each as fully-paid up Bonus Equity Shares, in the proportion of 2 (Two) new equity share for every 1 (One) existing equity shares ,to the eligible Members whose names appeared in the register of Members / list of beneficial owners as on 9th September, 2022, being the record date fixed for this purpose, based on the Shareholders approval at the AGM held on 1st September, 2022 and in accordance of the in-principal approval received form the exchange.

Pursuant to the above allotment, the revised paid up equity capital of the Company is 1,20,00,000 equity shares of Rs. 10/- each amounting to Rs. 12,00,00,000.

The Corporate Action for crediting the Bonus Shares shall be done after receipt of requisite approval from the stock exchange.

Source : Equity Bulls

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