Axita Cotton Ltd approves allotment of 8,68,94,493 bonus equity shares

The Board of Directors of Axita Cotton Ltd, at its meeting held today i.e., Monday, September 23, 2024, has approved the Allotment of 8,68,94,493 (Eight Crore Sixty Eight Lakh Ninety Four Thousand Four Hundred Ninety Three) Equity Shares of Rs. 1 each as fully paid-up Bonus Equity Shares, in the ratio of 1:3 i.e.: One (1) Bonus Equity Shares of Rs. 1 each for every Three (3) Equity Shares held, to eligible Members whose names appeared in the Register of Members / list of Beneficial Owners provided by the Depositories / PTA as on Friday, September 20, 2024 being the record date fixed for this purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from 260878008 equity shares (Rs. 26,08,78,008) to 347772501 equity shares (Rs. 34,77,72,501).

Source : Equity Bulls

Keywords

AxitaCotton SharesAllotment BonusIssue 1For3