M K Exim India Ltd recommends 1:2 bonus issue

The Board of Directors of M K Exim India Ltd in their meeting held today i.e., December 02, 2023 have considered and approved the recommendation of issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Share of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

The board approved increase in authorized Share Capital of the Company from Rs. 30,00,00,000/- (Rupees Thirty Crores Only) to Rs. 60,00,00,000/- (Rupees Sixty Crores Only) by creation of additional 3,00,00,000 (Three Crore) Equity Shares of Rs. 10/-(Rupees Ten Only) each subject to the approval of the members.

Shares of M.K. Exim (India) Ltd was last trading in BSE at Rs. 127.70 as compared to the previous close of Rs. 127.80. The total number of shares traded during the day was 102768 in over 957 trades.

The stock hit an intraday high of Rs. 133.90 and intraday low of 125.05. The net turnover during the day was Rs. 13262908.00.

Source : Equity Bulls

Keywords

MKEximIndia INE227F01010 BonusIssue 1For2