Bharat Gears Ltd board approves 1:2 bonus issue

The Board of Directors of Bharat Gears Ltd, in its Meeting held on Wednesday, August 24,2022, considered and approved the issue of Bonus shares to the members of the company by way of capitalization of reserves in the ratio of 1:2 i.e. issue of 1 (One) Equity Share for every 2 (Two) Equity Shares held by the members whose names appear in the Register of Members or as the beneficial owner(s) of the Equity shares of the comPany, in the records of the Depositories, on the close of business-on the Record Date being september 13, 2022, subject to the members of the Company in the ensuing Annual General Meeting.

The share capital pre-bonus issue is Rs. 10,23,67,050/- (Rupees Ten Crores Twenty Three Lakhs Sixty Seven Thousand Fifry Only) consisting of 1,02,36,705 (One Crore Two Lakhs Thirty Six Thousand Seven Hundred Five) fully paid up equity shares of Rs. 10 each.

The share capital post-bonus issue would be Rs. 15,35,50,580/- (Rupees Fifteen Crores Thirty Five Lakhs Fifty Thousand Five Hundred Eighty Only) consisting of 1,53,55,058 (One Crore Fifty Three lakhs Fifty Five Thousand Fifty Eight) fully paid up Equity Shares of Rs. 10/- (Rupees Ten) each.

Shares of Bharat Gears Limited was last trading in BSE at Rs. 178.15 as compared to the previous close of Rs. 174.60. The total number of shares traded during the day was 19314 in over 640 trades.

The stock hit an intraday high of Rs. 183.80 and intraday low of 171.70. The net turnover during the day was Rs. 3441001.00.

Source : Equity Bulls

Keywords

BharatGears INE561C01019 BonusIssue 1For2