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Stock Report
Eastern Logica Infoway Ltd to change name as Logica Infoway Ltd
Posted On : 2024-01-18 07:56:50( TIMEZONE : IST )
The Board approved the Change of Name of the Company from EASTERN LOGICA INFOWAY LIMITED to LOGICA INFOWAY LIMITED as approved by RoC and consequential alterations in Memorandum of Association and Articles of Association of the Company subject to approval of shareholders.
The board considered and approved increase in Authorised capital from Rs. 3.00 crore (divided into 30,00,000 Equity Shares of Rs. 10 each) to Rs. 17.25 Crore (Divided into 1,72,50,000 equity Shares of Rs. 10 each) and corresponding amendments to the Clause V ofthe Memoraundum of Association of the Company subject to approval by the members.
The Board considered and recommended a bonus issue in the ratio of 5:1 i.e. Five new bonus Equity Share for every one existing fully paidup Equity Shares of Rs.10/- each, Subject to approval by 5he members and any other applicable statutory and regulatory approvals. Further, the bonus shares, will be credited to those members who are holding the equity shares as on a record date.
The Pre-Bonus paid up Share capital as on 17th January 2024 is Rs. 2,85,06,690/- (Rupees Two Crore Eighty-Five Lakh Six Thousand Six Hundred Ninety Only) divided into 28,50,669 (Twenty-Eight Lakh Fifty Thousand Six Hundred and Sixty-Nine Only) equity shares of Rs. 10/- (Rupees Ten only) each. The Post Bonus paid up Share Capital shall be Rs. 17,10,40,140/- (Rupees Seventeen Crores Ten Lakh Forty Thousand One Hundred and Forty only) divided into 1,71,04,014 (One Crore Seventy-One Lakh Four Thousand and Fourteen Only) equity shares of Rs.10/- (Rupees Ten only) each.
Shares of Eastern Logica Infoway Limited was last trading in BSE at Rs. 1194.65 as compared to the previous close of Rs. 1206.05. The total number of shares traded during the day was 4800 in over 16 trades.
The stock hit an intraday high of Rs. 1270.00 and intraday low of 1118.00. The net turnover during the day was Rs. 5851020.00.
