The Board of Directors of Ram Ratna Wires Limited ('the Company') at its meeting held today i.e. Saturday, 1st October, 2022 has approved allotment of 2,20,00,000 Equity Shares of Rs. 5/- each fully paid up Bonus Equity Shares in proportion of 1:1 i.e. One (1) Bonus Equity Share of Rs. 5/- for every One (1) existing fully paid up Equity Share of Rs. 5/- each, to the eligible Members whose names appeared in the Register of Members / List of Beneficial Owners as on Thursday, 29th September, 2022, being the Record date fixed for this purpose.
Consequently, the paid up Equity Share Capital of the Company stands increased from Rs. 11,00,00,000/- divided into 2,20,00,000 Equity Shares of Rs. 5/- each to Rs. 22,00,00,000/- divided into 4,40,00,000 Equity Shares of Rs. 5/- each.
The Bonus Equity Shares as allotted above shall rank pari-passu in all respects and shall carry the same rights with the existing fully paid up equity shares of the Company.