Power Mech Projects Ltd recommends 1:1 bonus issue

Commemorating 25 Glorious years of existence and growth and to reward the shareholders, the Board of directors of Power Mech Projects Limited have decided to issue bonus shares in the ratio of 1:1 i.e., one share for every one equity share of Rs. 10/- each fully paid up subject to the approval of shareholders at ensuing 25th Annual General Meeting which is scheduled to be held on 27th September, 2024. The Bonus Shares shall rank pari passu in all respects and carry the same rights as the existing equity shares of the Company.

The Board has approved fixation of Saturday, 28th September 2024 as Record date to determine the eligibility of shareholders/Beneficial Owners who are entitled for receipt of Bonus shares, subject to approval of Bonus Issue by the shareholders at the ensuing AGM.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 6384.90 as compared to the previous close of Rs. 6349.90. The total number of shares traded during the day was 2209 in over 587 trades.

The stock hit an intraday high of Rs. 6450.00 and intraday low of 6354.35. The net turnover during the day was Rs. 14146898.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 BonusIssue 1For1 SilverJubilee