Business Update17 Apr 2024, 06:51 pm
Integrated Industries' Board Approves 1:1 Bonus Share Issue, Capital Increased to Rs. 19.16 Crores
AI Summary
The Board of Directors of Integrated Industries Ltd met on 17th April, 2024, and approved the allotment of bonus shares in the ratio of 1:1. Shareholders as of 16th April, 2024, are entitled to receive one bonus share for every existing equity share held. This results in an increased capital of the company to Rs. 19,15,79,020, consisting of 1,91,57,902 equity shares of Re 10/- each. The new shares, identical to existing, will hold the same rights, including dividends.
Key Highlights
- Board approves 1:1 bonus shares issue
- Shareholders entitled to bonus shares based on record date
- Company's capital increased to Rs. 19.16 crores
- New shares carry the same rights as existing shares
- Allotment in accordance with SEBI regulations