Indian Metals and Ferro Alloys Ltd board approves 1:1 bonus issue

The Board of Directors of Indian Metals and Ferro Alloys Ltd (IMFA) at their meeting held on 26th November, 2021, have approved the issue of Bonus Equity Shares in the ratio of 1 (One) new Equity Bonus Share of Rs. 10/- each for every 1(One) existing Equity Shares of Rs.10/- each held by the shareholders of the Company as on the Record Date, subject to the approval of shareholders of the Company through Postal Ballot and other applicable statutory and regulatory approvals; as may be required.

The Company has fixed Monday, January 10, 2022 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of above Bonus Equity Shares.

The Pre-Bonus paid-up share capital is Rs.26,97,70,530/- divided into 2,69,77,053 Equity Shares of face value of Rs. 10/- each and post bonus issue paid-up share capital will be Rs.53,95,41,060/- divided into 5,39,54,106 Equity Shares of face value of Rs. 10/- each.

As on March 31, 2021, aggregate amount of free reserves, securities premium reserve account, capital redemption reserve account and Retained Earnings is Rs. 1199.71 Crore.

Shares of Indian Metals & Ferro Alloys Limited was last trading in BSE at Rs. 787.25 as compared to the previous close of Rs. 754.30. The total number of shares traded during the day was 34983 in over 1667 trades.

The stock hit an intraday high of Rs. 792.00 and intraday low of 756.00. The net turnover during the day was Rs. 27479634.00.

Source : Equity Bulls

Keywords

IndianMetalsandFerroAlloysLimited INE919H01018 IMFA BonusIssue RecordDate