Chemcrux Enterprises Ltd allots 98,72,560 bonus shares

The Board of Directors of Chemcrux Enterprises Ltd has allotted 98,72,560 equity shares of face value of Rs. 10/- each as fully paid-up bonus equity shares in the ratio of 2 (Two) equity shares of Rs.10/- each for every 1 (One) existing equity share of Rs.10/- each, to the Members whose names appeared in the register of Members / List of beneficial owners as on 7th September, 2021, being the record date fixed for this purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs. 4,93,62,800/- constituting of 49,36,280 equity shares of Rs.10/- each to Rs.14,80,88,400/- constituting 1,48,08,840 equity shares of Rs.10/- each. Further, the Company will make necessary arrangements to credit the bonus shares within two months from the date of Board meeting in which proposal for bonus was put forth.

For furtherance of business prospects, the Board of Directors decided to make investment by acquiring 50% of share capital of Kalichem Private Limited and to make further investments or grant loans as and when required.

Shares of Chemcrux Enterprises Limited was last trading in BSE at Rs. 157 as compared to the previous close of Rs. 149.6. The total number of shares traded during the day was 51000 in over 31 trades.

The stock hit an intraday high of Rs. 157.05 and intraday low of 154. The net turnover during the day was Rs. 7991925.

Source : Equity Bulls

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