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Stock Report
B N Rathi Securities Limited announces 2 For 1 Stock Split, 1:1 Bonus Issue
Posted On : 2024-12-04 18:15:16( TIMEZONE : IST )
The Board of Directors of B.N. Rathi Securities Limited at its meeting held on Wednesday, 04th December, 2024 at 03:30 p.m. at the registered office of the Company, inter alia approved the following items of business, subject to the approval of Shareholders in ensuing Extra Ordinary General Meeting have cConsidered and approved increase in the Authorized Share Capital of the Company from Rs.12,00,00,000/- (Rupees Twelve Crores only), divided into 1,20,00,000 (One Crore Twenty Lakhs) Equity Shares of Rs.10/- (Rupees Ten) each to Rs.25,00,00,000/- (Rupees Twenty Five Crore only), divided into 2,50,00,000 (Two Crores Fifty Lakhs) Equity Shares of Rs.10/- (Rupees ten) each and consequential amendment in the Memorandum of Association of the Company, subject to necessary approvals.
The board approved alteration in Capital of the Company by Split/Sub-division of 1 (One) Equity Share of the Company having face value of Rs.10/- each into 2 (Ten) Equity Shares of the Company having face value of Re. 5/- each and consequential amendment in the Memorandum of Association of the Company, subject to necessary approvals. The Managing Director of the Company is authorized to fix the Record Date for the purpose of Split/Sub-division.
The board also approved issue of one (1) Bonus Share for every 1 (One) Equity Share held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Managing Director of the Company is authorized to fix the Record Date for the purpose of Bonus Issue.
Shares of B.N.RATHI SECURITIES LTD. was last trading in BSE at Rs. 211.20 as compared to the previous close of Rs. 206.30. The total number of shares traded during the day was 185350 in over 956 trades.
The stock hit an intraday high of Rs. 215.00 and intraday low of 206.00. The net turnover during the day was Rs. 38844734.00.
