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Shubham Polyspin board recommends 1:10 bonus issue; Stock plunges 5%

13 Sept 2022 , 01:40 PM

The Board of Directors of Shubham Polyspin Ltd in its meeting held on August 13, 2022 recommended issuance of 1 (One) bonus share of Rs10/- each for existing 10 (Ten) equity shares of Rs10/- each fully paid up, subject to the shareholders approval.

In addition to the regulatory filing, the company said that the shareholders approval at their meeting held on September 12, 2022 have approved the Bonus issue. Hence, for the purpose of allotment of bonus equity shares 'RECORD DATE' will be Thursday, September 22, 2022.

At around 1:33 PM, Shubham Polyspin was trading at Rs138 per share lower by 4.99% as againt previous closing of Rs145.25 per share on the BSE.

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