SG Mart Limited board recommends 1:1 bonus issue

The Board of Directors of SG Mart Limited, at its meeting held on Monday, January 8, 2024, has approved the proposal of issuance of Bonus equity shares to the equity shareholders of the Company in the ratio of 1:1 i.e. 1 (One) Equity Shares for every 1 (One) Equity Shares having a face value of Rs. 1/- (considering the post sub-division/split of face value of equity shares) held by the Eligible equity shareholders of the Company as on the record date, subject to the approval of shareholders to be obtained through Postal Ballot and such other approvals as may be required.

The record date for such bonus issue shall be announced in due course.

Shares of SG Mart Ltd was last trading in BSE at Rs. 10505.10 as compared to the previous close of Rs. 10299.15. The total number of shares traded during the day was 734 in over 42 trades.

The stock hit an intraday high of Rs. 10505.10 and intraday low of 10505.10. The net turnover during the day was Rs. 7710743.00.

Source : Equity Bulls

Keywords

SGMart INE385F01016 BonusIssue 1For1