Axita Cotton allots 65.52 lakh bonus shares

14 Jan 2022 , 09:58 AM

Axita Cotton Limited board has allotted 65,52,000 fully paid-up Bonus Equity Shares of 10/- each in the ratio 12 (One bonus equity share of 10/- each fully paid up for every Two existing equity shares of 10/- each fully paid up) held by the eligible Members, whose name appeared in the list of Beneficial Owners as on January 12, 2022, being the Record date fixed for this purpose.

Consequently, the issued and paid-up Equity Share Capital of the Company stands increased to 1,96,56,000 Equity Shares of Rs10/- each aggregating to Rs19,65,60,000 from 1,31,04,000 Equity Shares of Rs10 each aggregating to Rs13,10,40,000.

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

The company stock was yet to trade on Friday after ending at Rs88.25 per share down Rs3.60 or 3.92% on the BSE.