Balkrishna Industries Ltd seeks postal ballot approval for bonus issue

The Board of Balkrishna Industries Ltd had recommended for issue of Bonus Shares to the members of the Company by capitalization of free reserves in the ratio of 1 (one) bonus equity share of Rs. 2/- each fully paid up for every 1(one) existing equity share of Rs. 2/- each fully paid up (i.e. in the ratio 1:1) subject to the approval of members of the Company through Postal ballot and e-voting.

With respect to the above mentioned matter, the company has sent Postal Ballot Notice along with Postal Ballot Form being sent to the Members.

Shares of BALKRISHNA INDUSTRIES LTD. was last trading in BSE at Rs.2157.7 as compared to the previous close of Rs. 2079.2. The total number of shares traded during the day was 89992 in over 6940 trades.

The stock hit an intraday high of Rs. 2247.15 and intraday low of 2055. The net turnover during the day was Rs. 196025627.

Source : Equity Bulls

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