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Smruthi Organics Ltd board recommends 2:1 bonus shares
Posted On: 2021-01-16 00:29:25 (Time Zone: Arizona, USA)
The Board of Directors of Smruthi Organics Ltd at their meeting held today, i.e., 16th January, 2O2L, has approved and recommended the issuance of Bonus shares of the company in the ratio of 2 (Two) new Bonus Equity Share of Rs. 10 each fully paid up to be issued for every 1 (One) existing Equity share of Rs. 10 each fully paid up held by the shareholders on the record date subject to the approval of the Shareholders by postal ballot / remote e-voting.
Equity shares of the Company are currently listed on BSE Limited and Metropolitan Stock Exchange of lndia Limited. However, due to small capital base, company s shares are permitted by BSE Ltd for trading under Periodic Call Auction Session,, (pCAS). Therefore, for facilitating ease of trading, increasing liquidity, shareholder value and encouraging participation of investors, the company considers it necessary to