Vipul Organics Ltd recommends 1:4 Bonus Issue

The Board of directors of Vipul Organics Ltd have recommended issue of Bonus Equity Shares in proportion of 1:4 i.e. 1 (one) new fully paid-up Equity Share of Rs.10/- (Rupees Ten only) each for every 4 (Four) fully paid-up Equity Shares of Rs.10/- (Rupees Ten only) each held by the eligible members of the Company as on the 'Record Date', subject to the shareholders' approval.

The board has fixed Saturday, 9th April, 2022 as 'Record Date' for determining the eligibility of members entitled to receive Bonus Equity Shares, subject to the shareholders' approval for issuance of the Bonus Equity Shares.

The company also allotted 3,34,000 Equity Shares of Rs. 10/- each of the Company at an issue price Rs. 111/- each (including premium of Rs. 101/- per share) upon conversion of 3,34,000 Warrants issued on preferential basis, After the above allotment, the paid-up share capital of the Company stands increased to Rs. 10,24,95,000/- divided into 1,02,49,500 Equity Shares of Rs. 10/- each.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 195.45 as compared to the previous close of Rs. 170.50. The total number of shares traded during the day was 17272 in over 311 trades.

The stock hit an intraday high of Rs. 197.85 and intraday low of 173.50. The net turnover during the day was Rs. 3310627.00.

Source : Equity Bulls

Keywords

VipulOrganics INE834D01018 BonusIssue