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This stock recommends first bonus share of 8:1 post 1 year of its listing

This stock recommends first bonus share of 8:1 post 1 year of its listing

Gretex Corporate Services Ltd., a small-cap company with a market capitalization of Rs. 31 Cr., operates in the financial industry. One of the financial and consulting organisations in India, Gretex Corporate Service offers services in IPO, valuation, and corporate advisory. The initial public offering (IPO) of Gretex Corporate Services Ltd. began on July 27, 2021, and the issue closing date was Friday, July 30, 2021. The firm was recognised by BSE as the top volume performance for SME IPO for FY 2021 after it got listed on BSE SME on August 9, 2021. After a year of being listed, the company announced the 8:1 ratio of its first bonus share. The company has said in a regulatory filing that, the Board of Directors in its meeting held on 2nd September has “Recommended the increase in Authorized Share Capital of the company from Rs. 1,20,00,000/- (One Crore Twenty Lakhs Only ) divided into 12,00,000 (Twelve Lakhs Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs. 11,00,00,000/- (Rupees Eleven Crores Only) divided into 1,10,00,000 (One Crore Ten Lakhs Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each ranking pari passu with the existing Equity Shares of the Company. Recommended for issue upto 90,98,760 (Ninety Lakhs Ninety-Eight Thousand Seven Hundred and Sixty Only) equity shares of Rs. 10/- each as bonus shares of an aggregate nominal value upto Rs. 9,09,87,600/- (Rupees Nine Crore Nine Lakh and Eighty-Seven Thousand and Six Hundred Only), as bonus shares to the shareholders out of the Securities Premium Account of the company for distribution among the holders of existing fully paid equity shares of Rs. 10/- each of the company.”

Bonus share details of Gretex Corporate ServicesHere are the details of bonus shares that the company has highlighted in a regulatory filing Total number of securities proposed to be issued (approximately): 90,98,760 Equity Shares of Rs. 10/- each amounting to Rs. 9,09,87,600/- Whether bonus is out of free reserves created out of profits or share premium account: The Bonus Shares will be issued out of Securities Premium available as of March 31, 2022. Bonus ratio: 8 Bonus Equity Shares of Rs. 10/- each for every 1 fully Paid-up Equity Shares held as on the record date to be decided. The Bonus Equity Shares once allotted shall rank pari passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted. Pre- Bonus: Authorised Equity Share Capital of Rs. 1,20,00,000 /- having face value of Rs. 10 /- per share. Issued Equity Share Capital of Rs. 1,13,73,450/- having a face value of Rs. 10 /- per share. Paid-up Share Capital of Rs. 1,13,73,450/- having a face value of Rs. 10 /- per share. Post-Bonus Paid-up Share Capital expected to be around: around: Authorised Equity Share Capital of Rs. 11,00,00,000 /- having a face value of Rs. 10 /-per share. Issued Equity Share Capital of Rs. 10,23,61,050/- having a face value of Rs. 10 /- per share. Paid-up Share Capital of Rs. 10,23,61,050/- having a face value of Rs. 10 /- per share.
Free reserves and / or share premium required for implementing the bonus issue: Securities Premium of Rs. 9,09,87,600/- as on March 31, 2022. Free reserves and / or share premium available for capitalisation and the date as on which such balance is available: As on March 31, 2022, Securities Premium of Rs. 11,08,57,505/- Free Reserve of Rs. (6,68,541)/- Total: Rs. 11,01,88,964/-. Estimated date by which such bonus shares would be credited / dispatched: The Bonus Shares will be credited / dispatched within 60 days from the date of Board approval i.e., latest by October 31, 2022. The last closing price for the shares of Gretex Corporate Services was ₹274.30 apiece. Since its listing, the stock has gained 54.32%. In the last 1 year, the stock has surged 47.55% and on a YTD basis, the stock has climbed 32.64% so far in 2022.

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نوشته‌شده در

Board of this small-cap stock recommends bonus shares in 1:1 ratio

Board of this small-cap stock recommends bonus shares in 1:1 ratio

Choice International Ltd is a small company that is engaged in various financial services with a market cap of ₹2,141.50 Cr. The Board of the company has recommended a bonus share issue in the ratio of 1:1. The company has said in a regulatory filing that “The Board has recommended the Issue of Bonus Shares in the ratio of l: 1 i.e. one equity share for each fully paid up equity share held as on record date fixed for the purpose. Consequent to the bonus issue, the total paid up share capital will be Rs. 99,51,20,000/-(Rupees Ninety Nine Crores Fifty One Lakhs Twenty Thousand only) from the existing Rs.49,75,60,000/-.( Rupees Forty Nine Crores Seventy Five Lakhs Sixty Thousand Only ). The bonus issue of equity shares is subject to the approval of the Shareholders at the 291h Annual General Meeting (“AGM”) and any other applicable statutory and regulatory approvals, as may be required. The Company will inform in due course the Record date for determining entitlement of the shareholders to receive Bonus Shares.” The company has also informed stock exchanges that “Consequent to the approval of Bonus Issue & ESOP Scheme, the Board has approved and recommended to the Shareholders for their approval of increase in Authorised Share Capital of the Company from Rs. 50.10 Crores toRs. 108 Crores at the 29th Annual General Meeting of the Company.” Bonus share details of Choice International Ltd as per the data available on stock exchangesType of securities proposed to be issued (viz. equity shares, convertibles etc.); Equity Shares of face value of Rs. 10/- each. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): Rs. 49,75,60,000 divided into 4,97,56,000 Equity Shares of Rs. 10/- each Whether bonus is out of free reserves created out of profits or share premium account: The Bonus Shares will be issued out of the permissible reserves i.e. Securities Premium Account of the Company available as at 31st March, 2022. Bonus ratio; 1: 1, i.e. One Equity Share of Rs. 10/- each for every One fully paid-up Equity Share ofRs. 10/- each held as on the Record Date. Details of share capital – pre and post bonus issue; Free reserves and/ or share premium required for implementing the bonus issue; Pre-Bonus Issue paid up share capital: Rs. 49,75,60,000/- divided into 4,97,56,000 Equity Shares of Rs. 10/- each. Post-Bonus Issue paid up share capital: Rs. 99,52,10,000/- divided into 9,95,21,000 Equity Shares ofRs. 10/- each.
Free reserves and/ or share premium required for implementing the bonus issue; Rs. 49,75,60,000/- Estimated date by which such bonus shares would be credited/dispatched; Within two months from the date of Board Approval i.e. on or before October 3, 2022. The shares of Choice International Ltd closed today at ₹432.50 apiece, down by 0.18% from the previous close. On a YTD basis the stock has gained 43.57% so far in 2022.

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Board of this multibagger penny stock recommends stock split and bonus issue

Board of this multibagger penny stock recommends stock split and bonus issue

The Board of Directors of the company has said in a record filing that “In reference to regulation 29 of SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held on Thursday, 4th August, 2022 at the Registered Office of the Company at 31A, Laxmi Industrial Estate, New Link Road, Andheri West, Mumbai – 400 053 to consider and approve the following business matters: Sub division/Split of Equity Shares of the Company from 1(One) Equity share having face value of Rs.10/- (Rupee Ten only) each to 10 (ten) Equity Shares having face value of Rs. 1/- (Rupee One only). Such Sub division will be subject to the approval of shareholders in the upcoming Annual General Meeting (AGM). The record date for such sub division/split shall be decided by the Board and will be initiated to the exchange. Increase in Authorized Share Capital of the Company from Rs. 100, 00, 00,000 (One Hundred Crores Only divided into 100, 00,00,000 of Equity share having face value of Rs. 1 each) to Rs. 150,00,00,000 (One Hundred Fifty Crores Only divided into 150,00,00,000 of Equity share having face value of Rs. 1 each ) and consequently alteration in Clause V of the Memorandum of Association of the Company, subject to the approval of the Shareholders in the upcoming Annual General Meeting (AGM). Issue of 1 (One) Bonus equity share of face value of Rs. 1 /- (Rupee One Only) for every 2 (Two) fully paid -up equity share of Rs. 1 /- (Rupee One Only).” Stock split details of Excel Realty N Infra Limited as per the data of stock exchangesSplit ratio: The Board considered the proposal for sub-division of 1 equity share of the Company having face value of Rs. 10/- each into 10 (Ten) equity shares having face value of Rs. 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company. Expected time of completion: Subject to the approval of the Members and Statutory authorities, as may be necessary within 2 Months from the date of announcement by the Board of Directors, i.e. on or before 3rd October, 2022. Pre and Post Share Capital: Pre Split (No. of Shares)- Authorized: 10,00,00,000 Equity Shares of Rs. 10/- each, Paid Up: 9,40,46,337 Equity Shares of Rs.10/- each, Subscribed: 9,40,46,337 Equity Shares of Rs. 10/- each. Post Split (No of Shares)- Authorized: 150,00,00,000 Equity Shares of ₹1 each, Paid Up: 94,04,63,370 Equity Shares of Rs. 1 each, Subscribed: 94,04,63,370 Equity Shares of Rs. 1 each. Bonus share details of Excel Realty N Infra Limited as per the data of stock exchangesType of issuance (further public offering, rights issue, depositary receipts (ADR/GDR), — qualified institutional placement,. Preferential allotment, etc.): Bonus Issue of Equity Shares
Total number of securities proposed to be issued the total amount for which securities will be issued (approximately): 47,02,31,685 Equity Shares of ₹1/- each. Whether the bonus is out of free reserves created out of profits or share premium: Yes Bonus Ratio: 1:2, ie.1 (One) Equity Share of Rs. 1/- (Rupee One only) each for every 2 (Two) existing Equity Shares of Rs. 1/- (Rupee One only) each, held by the members of the Company as on the Record Date. Details of Share Capital- pre and post bonus issue: Pre Bonus Issue (face value Rs. 1)- Authorized shares: 100,00,00,000, paid-up shares: 94,04,63,370, subscribed shares: 94,04,63,370. Post Bonus Issue (face value ₹1)- Authorized shares: 150,00,00,000, paid-up shares: 141,06,95,055, subscribed shares: 141,06,95,055. Free reserves and/or Share premium required for implementing the Bonus Issue: ₹47,02,31,685 Free Reserves and/or Share Premium available for capitalization and the date as on which such balance is available: As on 31st March, 2022, aggregating amount of Rs. 62.73 Crore is available for capitalization. Estimated date by which such bonus shares would be credited/dispatched: Subject to the approval of the Members and Statutory authorities, as may be necessary within 2 Months from the date of announcement by the Board of Directors, i.e. on or before 3rd October, 2022. The shares of Excel Realty N Infra Ltd closed today at ₹8.90 apiece, up by 3.49% from the previous close. In the last 1 year, the stock has delivered a multibagger return of 157.97% and on a YTD basis, the stock has dropped 6.81% so far in 2022.

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