K.P. Energy Limited recommends 2:1 bonus issue

The Board of Directors of K.P. Energy Limited at its meeting held today i.e. December 30, 2023, commenced at 11:00 a.m. and concluded at 12:00 p.m., at the registered office of the Company wherein the Board of Directors, has considered and recommended issue of Bonus Equity Shares in the proportion of 2:1 i.e. 2 (Two) bonus equity share of Rs. 5/- (Rupees Five) each for every 1 (One) existing equity share of Rs. 5/- (Rupees Five) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot.

The board also considered and approved alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA) inter alia to accommodate issue of Bonus equity shares.

Source : Equity Bulls

Keywords

KPEnergy BonusIssue 2For1