Sarveshwar Foods Limited allots 65,25,44,000 bonus equity shares

The Board of Directors of Sarveshwar Foods Limited at their meeting held on today i.e. Monday, September 18, 2023, has considered and approved the allotment of 65,25,44,000 Equity shares of Rs. 1/- each as fully paid Bonus Shares to the existing shareholders of the Company as on Record date i.e. September 15, 2023 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/- each held.

Post the above allotment, the paid-up Equity Share capital of the Company would stand at Rs. 97,88,16,000/- divided into 97,88,16,000 equity shares of Re. 1/- each.

The said shares shall rank pari-passu with existing Equity Shares of the Company in all respect.

Source : Equity Bulls

Keywords

SarveshwarFoods SharesAllotment BonusIssue 2For1