M M Forgings Ltd allots 2,41,40,800 bonus equity shares

The Board of Directors of M M FORGINGS LIMITED has approved allotment of 2,41,40,800 fully paid-up equity shares of ₹10/- (Rupees Ten) each, as Equity Bonus Shares at its meeting held today, i.e., on 17 July 2024.

The Equity Bonus Shares are allotted in the proportion of 1:1 i.e., 1 (One) new fully paid-up equity share of ₹10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of ₹10/- (Rupees Ten) each held, to the eligible members whose name appeared in the list of beneficial owners as on 16 July 2024, being the record date fixed for this purpose.

Accordingly, the paid-up equity share capital of the Company has increased from 2,41,40,800 equity shares of ₹10/- each amounting to ₹24,14,08,000 to 4,82,81,600 equity shares of ₹10/- each amounting to ₹48,28,16,000.

The Equity Bonus Shares as allotted above shall rank pari passu and carry the same rights with the existing equity shares of the Company in all respects.

Shares of MM Forgings Limited was last trading in BSE at Rs. 669.50 as compared to the previous close of Rs. 1369.70. The total number of shares traded during the day was 40186 in over 3073 trades.

The stock hit an intraday high of Rs. 725.00 and intraday low of 661.10. The net turnover during the day was Rs. 27615152.00.

Source : Equity Bulls

Keywords

MMForgings INE227C01017 SharesAllotment BonusIssue 1For1