Karda Constructions Limited board recommends bonus issue of 4:1

The Board of Directors of Karda Constructions Limited at their meeting held today i.e. Wednesday, July 14, 2021 have considered and approved the recommendation of issuance of fully paid up Bonus Share in the ratio of 4:1 i. e. 4 (Four) Equity Share for every 1 (One) fully paid up Equity Shares of Rs. 1/- each subject to approval of the shareholders of the Company.

As the board of directors have recommended the sub division of the face value of shares from Rs. 2/- to Face value of Rs. 1/- in its meeting held on May 31,2021. The consent of the members for both matters will be sought in forth coming AGM of the company.

The Pre Bonus paid up Share capital is Rs. 12,30,00,000/- consisting of 12,30,00,000 Equity Shares of Rs. 1/- each.(Post Split)

The Post Bonus paid up Share Capital shall be Rs. 61,50,00,000/- consisting of 61,50,00,000 Equity Shares of Rs. 1/- each.

Shares of Karda Constructions Ltd was last trading in BSE at Rs.178.35 as compared to the previous close of Rs. 178.4. The total number of shares traded during the day was 11115 in over 1448 trades.

The stock hit an intraday high of Rs. 179.25 and intraday low of 177.3. The net turnover during the day was Rs. 1978638.

Source : Equity Bulls

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