Franklin Industries Limited board approves 1:1 bonus issue

The Board of Directors of Franklin Industries Limited has approved Bonus Issue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of ₹ 1/- each for every 1 Equity Share of ₹ 1/- each held by the shareholders of the Company as on the Record Date (to be determined by the Board and will be intimated to the exchange), subject to the approval of members of the Company in Annual General Meeting.

The board also approved increase in Authorised Capital of the Company from existing INR 25,00,00,000 /- (Indian Rupees Twenty Five Crores Only)) divided into 25,00,00,000 (Twenty Five Crores) Equity Shares of INR 1/- (Rupees One Only) each to INR 30,00,00,000/- (Indian Rupees Thirty crore Only) divided into 30,00,00,000 (Thirty crore) Equity Shares of INR 1/- (Rupees One Only) each.

Source : Equity Bulls

Keywords

FranklinIndustries BonusIssue 1For1