Cosmo Films Ltd board recommends 1:2 bonus issue

The Board of Directors of Cosmo Films Ltd at their meeting held on Monday, May 09, 2022 has recommended issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs.10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the Record Date, subject to the approval of shareholders of the Company through Postal Ballot and other applicable statutory and regulatory approvals; as may be required.

The record date for reckoning eligible shareholders entitled to receive bonus shares will be announced later.

The board also approved increase in Authorised Share Capital of the Company from Rs.25,00,00,000/- (Rupees Twenty Five Crores) divided into 2,50,00,000 Equity Shares of Rs.10/- each, to Rs.60,00,00,000/- (Rupees Sixty Crores) divided into 6,00,00,000 Equity Shares of Rs.10/- each and consequent alteration in the capital clause of the Memorandum of Association of the Company subject to approval of shareholders through postal ballot, and any other applicable statutory and regulatory approvals.

Shares of Cosmo Films Limited was last trading in BSE at Rs. 1960.30 as compared to the previous close of Rs. 2027.60. The total number of shares traded during the day was 21182 in over 2757 trades.

The stock hit an intraday high of Rs. 2017.50 and intraday low of 1945.40. The net turnover during the day was Rs. 41979865.00.

Source : Equity Bulls

Keywords

CosmoFilms INE757A01017 BonusIssue 1For2