Shilchar Technologies Limited recommends 1:1 bonus issue

The Board of directors of Shilchar Technologies Limited have considered, approved and recommended the proposal to increase the Authorised Share Capital from Rs. 5,00,00,000/- (Rupees Five Crores) divided into 50,00,000 (Fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs. 10,00,00,000/- (Rupees Ten Crores) divided into 1,00,00,000 (One Crores) Equity Shares of Re. 10/- (Rupees Ten) each and Consequential amendment to Memorandum of Association of the company, Subject to Approval of the shareholders at Annual General Meeting.

The Board considered, approved and Recommended issuance of bonus shares in 1:1 ratio to the shareholders as on the record date subject to approval of the shareholders at Annual General Meeting.

The pre - bonus issue paid up equity share capital as on the date is Rs. 3,81,34,000/- consisting of 3813400 equity shares of Rs. 10/- each.

The post - bonus issue paid up equity share capital will be Rs. 7,62,68,000/- consisting of 7626800 equity shares of Rs. 10/- each.

Shares of SHILCHAR TECHNOLOGIES LTD. was last trading in BSE at Rs. 2599.70 as compared to the previous close of Rs. 2495.90. The total number of shares traded during the day was 14208 in over 1367 trades.

The stock hit an intraday high of Rs. 2650.00 and intraday low of 2505.00. The net turnover during the day was Rs. 36975628.00.

Source : Equity Bulls

Keywords

SHILCHARTECHNOLOGIES INE024F01011 BonusIssue 1For1