Gretex Corporate Services Limited allots 90,98,760 Equity shares

The Board of Directors of Gretex Corporate Services Limited, at their Board meeting held today i.e. October 18, 2022 have allotted 90,98,760 Equity shares of Rs. 10/- each as fully-paid up Bonus Equity Shares in the ratio of 8:1 (i.e. issue of 8 (Eight) equity share for every existing 1 (One) equity shares held of Rs. 10/- to the shareholders of the Company whose names appear on the Register of Members / list of beneficial owners provided by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited as on October 13, 2022 ("Record Date") and pursuant to the power vested in the Board of Directors, in case of fractional shares, arising out of the issue and allotment of Bonus Shares, the Board ignored / neglected the fractional shares.

Pursuant to the above allotment, the revised paid up equity capital of the Company has increased from 11,37,345 equity shares of face value of Rs. 10 each aggregating to Rs. 1,13,73,450 to 1,02,36,105 equity shares of face value of Rs. 10 each aggregating to Rs. 10,23,61,050.

Source : Equity Bulls

Keywords

GretexCorporateServices SharesAllotment BonusIssue 8For1