Alstone Textiles India Ltd approves stock split, bonus isssue

The members of Alstone Textiles (India) Limited in their Extra-Ordinary General Meeting (EGM) held on Tuesday, 06th day of December, 2022, by way of Ordinary Resolutions, has considered and approved the stock split (sub-division of equity shares) of Company's 1 (One) equity share of face value of Rs. 10/- each into 10 (Ten) equity shares of face value of Re. 1/- each.

The board approved increasing the Authorized Share Capital of the Company from the present Rs. 13,00,00,000/- (Rupees Thirteen Crores Only) divided into 13,00,00,000 (Thirteen Crores) Equity Shares of Re. 1/- (Rupee One) each to Rs. 128,00,00,000/- (Rupees One hundred Twenty Eight Crores Only) divided into 128,00,00,000/- (One hundred Twenty Eight Crores) Equity Shares of Re. 1/- (Rupee One) each ranking pari passu in all respect with the existing equity shares and approval of alteration of Capital Clause (Clause V) in the Memorandum of Association of the Company.

The board also approved issue of Bonus Issue of Equity Shares in the proportion of 9 (Nine) Equity Shares of Re. 1/- each for every 1 (One) Equity Share of Re. 1/- each held by the shareholders of the Company as on the record date.

Shares of Alstone Textiles (India) Ltd was last trading in BSE at Rs. 198.55 as compared to the previous close of Rs. 208.95. The total number of shares traded during the day was 20019 in over 988 trades.

The stock hit an intraday high of Rs. 198.55 and intraday low of 198.55. The net turnover during the day was Rs. 3974772.00.

Source : Equity Bulls

Keywords

AlstoneTextilesIndia INE184S01016 StockSplit Subdivision 1For10