The Board of Directors of Gala Global Products Ltd at their meeting held today, on 19th March, 2018 at the registered office of the company besides other subjects, considered, discussed and approved the following matters by resolution passed thereof by the board:
- Increase Authorized Capital of the company from Rs.26,50,00,000 consisting of 2,65,00,000 Equity Shares of Rs.10 each to Rs.30,30,00,000 consisting of 3,03,00,000 Equity Shares of Rs.10 each, subject to the approval of shareholders through postal ballot route.
- Issue of Bonus Shares in the ration 1:20 i.e. (One bonus equity shares of Rs.10/- each for every Twenty existing fully paid up equity shares of Rs.10/- each) subject to the approval of shareholders through postal ballot route.
The Process of issuance of bonus shares and credit/dispatch of the bonus shares will be completed within stipulated time period.
The meeting of the board of directors commenced at 12:30 p.m. and concluded at 01:35 p.m.
Shares of Gala Global Products Ltd was last trading in BSE at Rs.387.9 as compared to the previous close of Rs. 385. The total number of shares traded during the day was 644533 in over 2408 trades.
The stock hit an intraday high of Rs. 388 and intraday low of 385.6. The net turnover during the day was Rs. 249466273.