White Organic Retail Ltd announces 2:1 bonus issue

As a part of White Organic Retail Ltd's endeavor to increase shareholders wealth, the Board has approved issue of Bonus Equity Shares to existing equity shareholders in the ratio of 2:1 i.e; 2 (Two) bonus Equity Share of Rs.10/- (Rupees Ten Only) i.e; 200%, fully paid up for every 1 (One) existing fully paid-up Equity Share, held by the shareholders on a record date, subject to statutory and other required approvals.

The board also approved the increase in Authorised Share Capital from Rs. 11,00,00,000 (Rupees Eleven Crores Only) to Rs. 33,00,00,000 (Rupees Thirty Three Crores Only) and consequent amendment in the Capital Clause of the Memorandum of Association of the Company.

The said resolution is subject to approval by the shareholders of the Company.

The Board has decided to seek approval of the shareholders required for the above shall be sought by means of postal ballot and approved the draft notice for organizing the said postal ballot resolution approval.

Shares of White Organic Retail Ltd was last trading in BSE at Rs. 878.50 as compared to the previous close of Rs. 890.55. The total number of shares traded during the day was 14056 in over 403 trades.

The stock hit an intraday high of Rs. 910.00 and intraday low of 851.00. The net turnover during the day was Rs. 12157414.00.

Source : Equity Bulls

Keywords

WhiteOrganicRetail INE06CG01019 BonusIssue