Regency Fincorp Ltd board recommends 1:1 bonus issue

The Board of directors of Regency Fincorp Ltd considered ratification of resolution passed at Board Meeting held on 5th September, 2020 and thereafter Special Resolution passed at 28th AGM of the Company held on 30th September, 2020, with respect of Bonus Shares. The Board of Directors recommended issuance of fully paid-up Bonus Shares in the ratio 1:1 i.e. holder of each equity shares shall be issued 1 fully paid-up equity shares each aggregating to further issue of 5342864 (Fifty Three Lakh Forty Two Thousand Eight Hundred Sixty Four) equity shares of Rs.10/- each amounting to Rs.53428640 (Rupees Five Crore Thirty Four Lakh Twenty Eight Thousand Six Hundred Forty Only) from and out of the Capital Redemption Reserve Account and/or Securities Premium Account and/or General Reserves and/or any other permitted Reserves as per the Audited Financial Statements of the Company for the financial year ended 31st March, 2022, subject to the consent of members in forthcoming Annual General Meeting.

Shares of Regency Fincorp Ltd was last trading in BSE at Rs. 7.80 as compared to the previous close of Rs. 7.98. The total number of shares traded during the day was 959 in over 12 trades.

The stock hit an intraday high of Rs. 8.45 and intraday low of 7.75. The net turnover during the day was Rs. 7521.00.

Source : Equity Bulls

Keywords

RegencyFincorp INE964R01013 BonusIssue 1For1