Bonus shares 2024: Allcargo Logistics inventory is in focus as we speak because the share is buying and selling ex-bonus as we speak. The board of administrators of the corporate had declared issuance of bonus shares in 3:1 ratio in its assembly held on tenth November 2023. Later on, the board fastened 2nd January 2024 as document date for finalising the listing of eligible shareholders for issuance of bonus shares.
Also Read: Top 7 funding developments to look out for 2024
Allcargo Logistics bonus shares
Informing Indian inventory market exchanges about bonus shares, Allcargo Logistics mentioned, “With reference to our letters dated November 03, 2023 and November 7, 2023 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we want to inform you that the Board of Directors of the Company at its Meeting held as we speak i.e., November 10, 2023, inter alia thought of and authorised the problem of bonus shares by capitalizing a sum not exceeding ₹147,41,73,144/- (Rupees One Hundred Forty Seven Crores Forty One Lakhs Seventy Three Thousand One Hundred Forty Four solely) out of the sum standing to the credit score of Free Reserves of the Company, as per the audited monetary statements of the Company for the monetary yr ended March 31, 2023 and that the mentioned quantity be transferred to the Share Capital Account and be utilized for difficulty and allotment of fairness shares not exceeding 73,70,86,572 (Seventy Three Crores Seventy Lakhs Eighty Six Thousand Five Hundred Seventy Two) fairness shares of ₹2/-(Two) every as absolutely paid up bonus shares, to the eligible members of the Company holding fairness shares of ₹2/- (Two) every, whose names seem within the Register of Members/Beneficial Owners’ position of the Company on such date (“Record Date”) fastened by the Company, within the proportion of three:1 i.e. 3 (Three) new fairness shares of ₹2/- (Two) every for each 1 (One) present fairness share of ₹2/- (Two) every held as on the Record Date and that the brand new bonus shares so issued and allotted shall be handled for all functions as a rise within the nominal quantity of the fairness share capital of the Company held by every of such member(s).”
Also Read: Lemon Tree Hotels shares rise practically 5%; Motilal Oswal predicts 26% upside
Allcargo Logistics bonus share document date
Later on the logistics firm knowledgeable in regards to the document date for issuance of bonus shares to eligible shareholders citing, “In furtherance of the end result of Board Meeting held on November 10, 2023 and in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we want to inform you that the Board of Directors of the Company has fastened Tuesday, January 2, 2024 because the Record Date for the aim of ascertaining the eligibility of shareholders for allotment of bonus shares within the proportion of three:1 i.e. 3 (Three) new fairness shares of ₹2/- (Rupees Two) every for each 1(One) present fairness share of ₹2/- (Rupees Two) every held by the shareholders of the Company, topic to the approval of shareholders by means of postal poll by e-voting course of.”
Allcargo Logistics bonus share historical past
This is the second time, when Allcargo Logistics shares are buying and selling ex-bonus. Earlier, the logistics inventory had traded ex-bonus on thirtieth December 2015 for issuance of bonus shares in 1:1 ratio
Disclaimer: The views and suggestions made above are these of individual analysts or broking corporations, and never of Mint. We advise traders to verify with licensed consultants earlier than taking any funding determination.
Unlock a world of Benefits! From insightful newsletters to real-time inventory monitoring, breaking information and a customized newsfeed – it is all right here, only a click on away! Login Now!
