Franklin Industries Limited allots 14,46,00,000 bonus equity shares

The Board of Directors of Franklin Industries Limited at its meeting held on today i.e. Tuesday, 10th September, 2024 have approved the allotment of 14,46,00,000 fully paid-up Bonus Equity Shares of Re. 1/- each in the ratio 1:1 i.e., One (1) Equity Share of Re. 1/- each for every One (1) Equity Share of Re. 1/- each held by the shareholders of the Company as on the record date i.e. September 09, 2024.

Consequently, the issued and paid-up Equity Share Capital of the Company stands increased from 14,46,00,000 equity shares to 28,92,00,000 equity shares.

The Bonus Equity Shares allotted as above shall rank pari-passu in all respect and carry the same rights as the exiting equity shares of the company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.

Source : Equity Bulls

Keywords

FranklinIndustries BonusEquityShares Allotment 1For1