Thyrocare Technologies Limited recommends 2:1 bonus issue

Thyrocare Technologies Limited is celebrating its Silver Jubilee this year, marking the completion of 25 years since its incorporation and, in line with the forthcoming auspicious celebrations of Diwali, the Board has approved and recommended a Bonus Issue as a gesture of appreciation to its shareholders for their continued trust and support.

The Board has considered, approved, and recommended the issuance of Bonus Shares in the ratio of 2:1, i.e., 2 (Two) fully paid-up Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each for every 1 (One) existing fully paid-up Equity Share of face value of Rs. 10/- (Rupees Ten Only) held by the eligible Equity Shareholders of the Company as on the record date, by capitalization of Capital Redemption Reserve and/or Securities Premium and/or General Reserve and/or Retained Earnings of the Company, subject to the approval of the Shareholders of the Company and other regulatory approvals, as may be required.

The Company will notify the record date for determining the eligibility of shareholders entitled to receive the Bonus Shares in due course.

Shares of Thyrocare Technologies Limited was last trading in BSE at Rs. 1264.60 as compared to the previous close of Rs. 1263.10. The total number of shares traded during the day was 11796 in over 1608 trades.

The stock hit an intraday high of Rs. 1299.50 and intraday low of 1252.75. The net turnover during the day was Rs. 15015121.00.

Source : Equity Bulls

Keywords

ThyrocareTechnologies INE594H01019 HealthcareServices BonusIssue 2For1