Dolfin Rubbers Limited board approves 1:3 bonus issue

The Board of Directors of Dolfin Rubbers Limited at its meeting held today i.e. March 28, 2022 has considered and approved the increase in Authorized Share Capital of the Company from the present Rs. 8,00,00,000 (Rupees Eight Crore only) consisting of 80,00,000 (Eighty Lakh) Equity Shares of Rs.10/- (Rupee Ten) each to Rs. 10,20,00,000/- (Rupees Ten Crore Twenty Lakh only) consisting of 1,02,00,000 (One Crore Two Lakh) Equity Shares of Rs.10/- (Rupees Ten) each.

The board approved issue of bonus shares in the ratio of 1 (One) new fully paid-up equity share of Rs. 10/- each Rupees Ten) each for every 3 (Three) existing fully paid-up equity shares of Rs. 10/- (Rupees Ten) existing equity share held by the members as on the record date to be fixed hereafter for the purpose, through capitalization of Share Premium.

The board also decided to migrate the Company from BSE SME Platform to Main Board of BSE Limited and NSE Limited.

Shares of Dolfin Rubbers Ltd was last trading in BSE at Rs. 115.55 as compared to the previous close of Rs. 120.00. The total number of shares traded during the day was 4000 in over 2 trades.

The stock hit an intraday high of Rs. 118.00 and intraday low of 113.10. The net turnover during the day was Rs. 462200.00.

Source : Equity Bulls

Keywords

DolfinRubbers INE666Y01010 BonusIssue Migration SME Mainboard