Raghav Productivity Enhancers Limited allots 22952600 bonus equity shares

Pursuant to receipt of approval of shareholders of the Company through Postal Ballot held on November 21, 2024 and after receipt of in-principle approval from BSE Limited & NSE Limited the Board of Directors of Raghav Productivity Enhancers Limited in their meeting held today has made allotment of 22952600 fully paid-up Bonus Equity Shares of Re, 10/- each in the ratio 1:1 (One) Equity Share of Re 1/- each for every [One) Equity Share of Re 2/- each held by the shareholders of the Company as on the record date (29th November, 2024), in accordance with SEBI (ICDR) Regulations, 2018 and applicable rules.

Consequent to the aforesaid allotment of Bonus Shares, the Paid-up Equity Share Capital of the Company stands increased from Rs.22,95,26,000/- divided into 2,29,52,600 Equity Shares of Rs. 10/- each to Rs. 45,90,52,000/- divided into 4,59,05,200 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.

Shares of Raghav Productivity Enhancers Ltd was last trading in BSE at Rs. 740.65 as compared to the previous close of Rs. 1562.35. The total number of shares traded during the day was 15860 in over 1574 trades.

The stock hit an intraday high of Rs. 800.00 and intraday low of 735.00. The net turnover during the day was Rs. 11895471.00.

Source : Equity Bulls

Keywords

RaghavProductivityEnhancers INE912T01018 SharesAllotment BonusIssue 1For1