Globe Commercials Ltd recommends 1:1 bonus issue

The Board of Directors of Globe Commercials Ltd at its meeting held on Wednesday, the 14th of December, 2022, has considered and approved the proposal to recommend Issue of Bonus shares in the ratio of 1:1 for the approval of the Members in the ensuing 37th Annual General Meeting of the Company.

The board considered and approved the Addendum to the Notice of 37th Annual General Meeting and authorized dispatch of same to the shareholders.

The board considered and approved to fix the cut off date i.e. 22.12.2022 as record date for ascertaining the entitlement of shareholders for the purpose of issue of Bonus shares.

The board approved the appointment of Mrs. Gayatri Kataria as Company Secretary and Compliance Officer of the company.

The board also approved increase of authorized share capital from Rs.5,95,000 to Rs.10,00,00,000 (Ten Crores only) and which is required consequent to issue of Bonus shares and accordingly Resolution has been included in the Addendum to the Notice of 37th Annual General Meeting for the approval of Members.

Shares of Globe Commercials Ltd was last trading in BSE at Rs. 37.70 as compared to the previous close of Rs. 35.95. The total number of shares traded during the day was 25930 in over 39 trades.

The stock hit an intraday high of Rs. 37.70 and intraday low of 37.70. The net turnover during the day was Rs. 977561.00.

Source : Equity Bulls

Keywords

GlobeCommercials INE804Q01013 BonusIssue 1For1