Rangoli Tradecomm Ltd board recommends bonus shares

The Board of Directors of Rangoli Tradecomm Ltd at their meeting held today i.e. Thursday, 23 September, 2021 at 12.00 noon has considered and recommended increase in Authorised Share Capital of the Company from Rs. 12,00,00,000/- (Rupees Twelve Crores Only) to Rs. 25,00,00,000/- (Rupees Twenty Five Crores Only) and consequent amendment to clause V of the Memorandum of Association of the Company, subject to approval of Shareholders.

The board also recommended Bonus Issue of Equity Shares in the ratio of 2 (Two) Equity Share of Rs. 10/- each for every 1 (One) Equity Share of Rs. 10/- each (i.e. 2:1, {200%}) held by the shareholders of the Company as on record date, subject to the approval of Shareholders and other regulatory authorities, if any.

Shares of Rangoli Tradecomm Limited was last trading in BSE at Rs. 955 as compared to the previous close of Rs. 999. The total number of shares traded during the day was 3600 in over 6 trades.

The stock hit an intraday high of Rs. 1030 and intraday low of 955. The net turnover during the day was Rs. 3591090.

Source : Equity Bulls

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