Kitex Garments Ltd allots 13,30,00,000 bonus equity shares

The Board of Directors of Kitex Garments Limited ("the Company") at its meeting held today i.e., January 20, 2025, has allotted 13,30,00,000 fully paid-up Bonus Equity Shares of the face value of ₹ 1/- (Rupee One only) each in the ratio of 2:1, i.e, 2 (Two) new Bonus Equity Shares of ₹ 1/- each for every 1 (One) existing Equity Shares of ₹ 1/- each fully paid-up, held by the shareholders of the Company as on the record date i.e., Friday, January 17, 2025.

Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to ₹ 19,95,00,000 divided into 19,95,00,000 equity shares of ₹ 1/- each.

The Bonus Equity Shares allotted as above shall rank pari-passu in all respect and carry the same rights as the existing equity shares of the company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.

Shares of Kitex Garments Limited was last trading in BSE at Rs. 256.35 as compared to the previous close of Rs. 244.15. The total number of shares traded during the day was 25192 in over 249 trades.

The stock hit an intraday high of Rs. 256.35 and intraday low of 249.10. The net turnover during the day was Rs. 6436095.00.

Source : Equity Bulls

Keywords

KitexGarments INE602G01020 SharesAllotment BonusIssue