Hardwyn India Ltd allots bonus shares

Hardwyn India Limited ("the Company") in its Board Meeting held on June 06, 2023 have allotted 8,72,17,897 Equity shares of Rs. 1/- each as fully paid Bonus Shares to the existing shareholders of the Company as on record date June 05, 2023 in the ratio of 01:03 i.e. 01 (One) fully paid Equity Shares for every 03 (Three) Equity Shares held.

Further, pursuant to such issue 3293 shares has arose in fraction which has been ignored and no certificate, coupon or cash shall be issued for such fraction and shall be round off to the lower integer.

Post the above allotment and adjustment of fractional shares, the paid-up Equity Share capital of the Company would stand at Rs. 34,88,81,467/- consisting of 34,88,81,467 equity shares of Rs. 0l/-each. The said shares shall rank pari-passu with existing Equity Shares of the Company in all respect.

Source : Equity Bulls

Keywords

HardwynIndia BonusShares Allotment 1For3