Kansai Nerolac Paints Ltd recommends 1:2 bonus issue

The Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, considered and approved the proposal for declaration of Bonus Equity Shares in the ratio of 1:2, subject to approval of the Shareholders of the Company. The Board has further approved the proposal of increasing the Authorised Share Capital of the Company from Rs. 66,50,00,000 to Rs. 85,00,00,000 and the consequent alteration to the Memorandum and Articles of Association, subject to approval of the Shareholders of the Company.

Shares of Kansai Nerolac Paints Limited was last trading in BSE at Rs. 403.20 as compared to the previous close of Rs. 394.65. The total number of shares traded during the day was 27916 in over 1403 trades.

The stock hit an intraday high of Rs. 405.00 and intraday low of 396.50. The net turnover during the day was Rs. 11222983.00.

Source : Equity Bulls

Keywords

KansaiNerolacPaints INE531A01024 BonusIssue 1For2