Rajoo Engineers Limited recommends 1:3 bonus issue

The Board of Directors of Rajoo Engineers Limited in its meeting held today i.e. Monday, October 14, 2024 at its registered office has, considered, approved and recommended an increase in authorised share capital of the Company from Rs. 15,00,00,000 (Rupees Fifteen Crores only) divided into 15,00,00,000 (Fifteen Crore) Equity Shares of Re. 1/- (Rupee One) to Rs. 18,00,00,000 (Rupees Eighteen Crores only) divided into 18,00,00,000 (Eighteen Crore) Equity Shares of Re. 1/- (Rupee One) each subject to the approval of the shareholders of the Company through Postal Ballot.

The board considered, approved and recommended an alteration in the capital clause of the Memorandum of Association subject to the approval of the shareholders of the Company through Postal Ballot.

The board considered, approved and recommended the issue of Bonus equity shares in the ratio of 1:3 i.e. 1 (One) New fully paid Equity Share for every 3 (Three) existing Equity Share held as on Record Date by the shareholder, subject to the approval of the shareholders of the Company through Postal Ballot.

Shares of RAJOO ENGINEERS LTD. was last trading in BSE at Rs. 391.30 as compared to the previous close of Rs. 401.65. The total number of shares traded during the day was 443583 in over 3241 trades.

The stock hit an intraday high of Rs. 414.40 and intraday low of 385.00. The net turnover during the day was Rs. 176926338.00.

Source : Equity Bulls

Keywords

RAJOOENGINEERS INE535F01024 BonusIssue 1For3