Xpro India Ltd recommends 1:2 bonus issue

The Board of Directors ("Board") of Xpro India Limited ("the Company"), at its meeting held on May 25, 2022, have recommended the issue of Bonus Equity Shares in the proportion of 1 (one) Equity Share of Rs.10/- each for every 2 (two) existing fully paid-up 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 at the ensuing Annual General Meeting and other applicable statutory and regulatory approvals; as may be required.

The Board has also approved the reservation of 1 (one) Equity Share of Rs.10/- each for every 2 (two) Equity Shares of Rs.10/- each, to be altotted after exercise of option, by the warrants holde(s) for conversion of upto 19,68,000 convertible warrants outstanding as on March 31, 2022 into fully paid Equity Shares.

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

Shares of Xpro India Limited was last trading in BSE at Rs. 1050.00 as compared to the previous close of Rs. 1099.85. The total number of shares traded during the day was 2038 in over 131 trades.

The stock hit an intraday high of Rs. 1144.85 and intraday low of 1044.90. The net turnover during the day was Rs. 2158853.00.

Source : Equity Bulls

Keywords

XproIndia INE445C01015 BonusIssue 1For2