Sarveshwar Foods Limited board recommends 2:1 bonus issue

The Board of Directors of Sarveshwar Foods Limited at their meeting held on Wednesday, August 02, 2023, have, considered and approved the proposal of issuance of Bonus equity shares to the securityholders of the Company in the ratio of 2:1 i.e. 2 (Two) Equity Shares for every 1 (One) Equity Shares having a face value of Re. 1/- (considering the post sub-division/split of face value of equity shares) held by the Eligible securityholders of the Company as on the record date, subject to the approval of shareholders to be obtained in the ensuing extra-ordinary general meeting and such other approvals as may be required. In this regard, the record date for such bonus issue shall be announced in due course.

Shares of Sarveshwar Foods Limited was last trading in BSE at Rs. 112.10 as compared to the previous close of Rs. 103.40. The total number of shares traded during the day was 70334 in over 1676 trades.

The stock hit an intraday high of Rs. 113.70 and intraday low of 100.65. The net turnover during the day was Rs. 7710448.00.

Source : Equity Bulls

Keywords

SarveshwarFoods INE324X01018 BonusIssue 2For1