Panchsheel Organics Ltd board approves 1:1 bonus issue

The Board of of Panchsheel Organics Ltd at its Meeting held today has approved the recommendation of issuance of fully paid Bonus Shares in the ratio of 1:1 i.e. 1 fully paid up share for every 1 fully paid up equity shares held, subject to approval of the members and other necessary approvals as may be necessary.

The board also approved the increase in the Authorized Capital of the Company from Rs. 6 crore (Rupees Six Crore) to Rs. 16 Crore (Rupees Sixteen Crore) by creation of additional 1,00,00,000 (One Crore) Equity Shares of Rs. 10/- (Rupees Ten) each and consequent amendment to the Capital Clause of Memorandum of Association of the Company, subject to approval of the members.

Shares of PANCHSHEEL ORGANICS LTD. was last trading in BSE at Rs. 188.05 as compared to the previous close of Rs. 191.45. The total number of shares traded during the day was 17032 in over 298 trades.

The stock hit an intraday high of Rs. 194.00 and intraday low of 185.00. The net turnover during the day was Rs. 3231267.00.

Source : Equity Bulls

Keywords

PANCHSHEELORGANICS INE316G01019 Pharmaceuticals