M Lakhamsi Industries Limited announces 1:50 bonus issue

The Board of Directors of M Lakhamsi Industries Limited at their Meeting held on Saturday, 02nd December, 2023 at the Registered Office of the Company situated at 505 Churchgate Chambers, 5 New Marine Lines, Mumbai City, Mumbai, Maharashtra, India, 400020 have considered and approved the Bonus Issue. The Board considered and recommended a bonus issue in the ratio of 1:50 i.e. 1 (One) New Bonus Equity Share for every 50 (Fifty) existing fully paid up Equity Shares of Rs 10/- each to public shareholders except promoter and promoter group only subject to approval by the members and any other applicable statutory and regulatory approvals at the Extra-Ordinary General Meeting to be held through Video Conferencing in order to achieve compliance with the MPS requirements.

Source : Equity Bulls

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MLakhamsiIndustries BonusIssue 1For50