Sirca Paints India Limited announces 1:1 bonus issue

The Board of Directors of Sirca Paints India Limited has, at its meeting held today, i.e., on Wednesday, March 29, 2023, which commenced at 03:00 P.M. and concluded at 4:00 P.M., considered and approved the increase in the Authorized Share Capital of the Company from Rs. 32,00,00,000/- (Rupees Thirty-Two Crore only) to Rs. 60,00,00,000/- (Rupees Sixty Crore only) and corresponding amendment to the Clause V of Memorandum of Association of the Company, subject to approval of Members through Postal Ballot as per Section 110 of the Companies Act, 2013.

The Board has recommended the issue of Bonus Shares in the ratio of 1 :1 i.e. 1 (One) Bonus equity share of Rs.10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held by the Members of the Company as on the Record Date, subject to approval of the Members of the Company. Information as per regulation 30 of SEBI (LODR) Regulations, 2015.

The Company has fixed Wednesday, May 11, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the proportion of 1 (One) Equity Shares of Rs. 10/-each for every 1 (One) existing Equity Shares of Rs. 10/- each, subject to the approval of Members, which is being obtained through Extra Ordinary General Meeting.

Shares of Sirca Paints India Limited was last trading in BSE at Rs. 643.60 as compared to the previous close of Rs. 643.35. The total number of shares traded during the day was 4927 in over 567 trades.

The stock hit an intraday high of Rs. 659.00 and intraday low of 639.15. The net turnover during the day was Rs. 3197420.00.

Source : Equity Bulls

Keywords

SircaPaintsIndia INE792Z01011 BonusIssue 1For1 RecordDate