Consecutive Investments & Trading Company Ltd recommends 1:1 bonus issue, 10 For 1 Stock Split

The Board of Directors of Consecutive Investments & Trading Company Limited at its meeting held on today i.e. Wednesday, 16th October, 2024 have approved the increase in the Authorized Share Capital of the Company from ₹ 10,00,00,000/- (Rupees Ten Crore only), divided into 1,00,00,000 (One Crore) Equity Shares of ₹ 10/- (Rupees ten only) each to ₹ 16,50,00,000/- (Rupees Sixteen Crore Fifty Lakhs only), divided into 1,65,00,000 (One Crore Sixty Five Lakhs) Equity Shares of ₹ 10/- (Rupees Ten only) each, by creation of additional 65,00,000 (Sixty Fifty Lakhs) Equity Shares of face value of ₹ 10/- (Rupees Ten only) each and consequential alteration to the Capital Clause of the Memorandum of Association.

The board approved sub-division of 1 (One) Equity share of face value of ₹10/-(Rupees Ten only) each fully paidup to 10 (Ten) Equity shares of the face value of ₹ 1 (Rupee One only) each fully paid-up.

The board also 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 by Extraordinary General Meeting.

Shares of Consecutive Investment & Trading Company Ltd was last trading in BSE at Rs. 96.64 as compared to the previous close of Rs. 99.33. The total number of shares traded during the day was 54515 in over 271 trades.

The stock hit an intraday high of Rs. 104.29 and intraday low of 94.37. The net turnover during the day was Rs. 5410253.00.

Source : Equity Bulls

Keywords

ConsecutiveInvestmentandTradingCompany INE187R01011 BonusIssue 1For1 StockSplit SubDivision 10For1