Sawaca Business Machines Ltd Board recommend Sub-Division of Equity Shares & Bonus Issue

The Board of Directors of Sawaca Business Machines Ltd at its meeting held on April 13, 2022, has considered and approved the proposal for split/sub-division of Company's 1(One) equity share of face value of Rs. 10/- (Rupees Ten Only) each into 10(Ten) equity shares of face value of Rs. 1/- (Rupees One Only) each.

The board also recommended an issue of new Equity Bonus Shares in the proportion of 10 (TEN) Equity Share of Rs. 1/-each for every 100 (ONE HUNDRED) existing Equity Share of Rs. 1/- each held by the Shareholders/ Members of the Company as on the record date.

Shares of SAWACA BUSINESS MACHINES LTD. was last trading in BSE at Rs. 16.75 as compared to the previous close of Rs. 17.10. The total number of shares traded during the day was 72351 in over 369 trades.

The stock hit an intraday high of Rs. 17.90 and intraday low of 16.30. The net turnover during the day was Rs. 1232841.00.

Source : Equity Bulls

Keywords

SAWACABUSINESSMACHINES INE248B01015 StockSplit Subdivision