Indo US Bio-Tech Ltd recommends 1:1 bonus issue

The board of directors of Indo US Bio-Tech Ltd at its meeting held on Friday, July 7, 2023 at 04:00 P.M. and concluded on 04:30 P.M. at the registered office of the company situated at 309, Shanti Mall, Satadhar Char Rasta, Opp. Navrang Tower, Sola Road, Ahmedabad, Gujarat, 380061 have considered and approved the increase in Authorised Share Capital of the Company from Rs. 11,00,00,000 (Eleven Crores only), divided into 1,10,00,000 Equity Shares of Re. 10/- (Rupee Ten Only) each to Rs. 21.00,00,000 (Twenty onc Crores only), divided into 2,10,00,000 Equity Shares of Re. 10/- (Rupee Ten Only) each and consequent change in Capital Clause of Memorandum of Association of the Company.

The Board also recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs, 10/- each for every 1 (one) Equity Shares of Re 10/- each held by the shareholders of the Company as on the record date.

Source : Equity Bulls

Keywords

IndoUSBioTech BonusIssue 1For1