Maan Aluminium Limited recommends 1:1 bonus issue

The Board of directors of Maan Aluminium Limited has recommended to Issue of 1 (One) Bonus Shares for every 1 (One) Equity Shares held by the Equity Shareholders of the Company as on 'Record Date' by way of capitalization of Free Reserves subject to the approval of shareholders in forthcoming Annual General Meeting of the Company in compliance with applicable provisions of the Companies Act, 2013 read with the rules notified and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto. The Company will inform in due course, the "Record Date" for determining shareholders entitled to receive Bonus Shares.

The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and either corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares.

Shares of Maan Aluminium Limited was last trading in BSE at Rs. 321.65 as compared to the previous close of Rs. 317.80. The total number of shares traded during the day was 36762 in over 795 trades.

The stock hit an intraday high of Rs. 327.00 and intraday low of 301.95. The net turnover during the day was Rs. 11590685.00.

Source : Equity Bulls

Keywords

MaanAluminium INE215I01019 BonusIssue 1For1