Classis Electricals Ltd allots 420375 bonus equity shares

The Board of Directors of Classis Electricals Ltd at its meeting held today i.e. on 7th October, 2024 has considered and allotted 4,20,375 Equity Shares as fully paid - up Bonus Equity shares of Rs. 10/- each to the non - promoters i.e. public Equity shareholders in the ratio of 5:1 i.e. 5 (Five) new equity shares for every 1 (One) existing equity share held in the Company to those shareholders whose names appear in Register of Members on 4th October, 2024, being the record date fixed for the said purpose.

Consequent to the aforesaid allotment of Bonus Shares, the Paid-up Equity Share Capital of the Company stands increased from Rs. 1,48,52,100/- divided into 14,85,210 Equity Shares of Rs. 10/- each to Rs. 1,90,55,850/- divided into 19,05,585 Equity Shares of Rs. 10/- each.

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

Source : Equity Bulls

Keywords

ClassicElectricals SharesAllotment BonusIssue NonPromoters