G G Engineering Ltd Board approves Sub-Division of Equity Shares

The Board of Directors of G G Engineering Ltd in their meeting held on Wednesday, April 27, 2022 have approved the subdivision of the nominal value of Equity Shares of the Company from Rs. 2 (Rupees Two) to Re. 1 (Rupee One) per share. The record date for the purpose of proposed subdivision shall be decided after obtaining members approval and shall be intimated in due course.

The board approved increase in Authorized Share Capital of the Company from existing Rs. 10,50,00,000/- (Rupees Ten Crores Fifty Lakh) to Rs. 50,00,00,000/- (Rupees Fifty Crores) by creation of new equity shares.

Consequent alteration in capital clause of the Memorandum of Association of the Company post sub-division of nominal value of Equity Shares and increase in Authorised Capital.

Source : Equity Bulls

Keywords

GGEngineering StockSplit SubDivision